EPAM Systems, Inc. (NYSE:EPAM) Position Boosted by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 14.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,627 shares of the information technology services provider's stock after acquiring an additional 3,167 shares during the quarter. Natixis Advisors LLC's holdings in EPAM Systems were worth $5,101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock worth $123,601,000 after purchasing an additional 652,515 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in EPAM Systems in the second quarter valued at $84,850,000. TD Asset Management Inc grew its position in EPAM Systems by 80.0% during the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock valued at $112,017,000 after acquiring an additional 264,570 shares during the period. Acadian Asset Management LLC raised its holdings in shares of EPAM Systems by 47,294.2% in the 2nd quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider's stock worth $35,560,000 after purchasing an additional 188,704 shares during the period. Finally, Epoch Investment Partners Inc. lifted its stake in shares of EPAM Systems by 97.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider's stock valued at $63,707,000 after purchasing an additional 167,343 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a report on Thursday, August 22nd. They issued a "hold" rating and a $204.00 price target on the stock. Mizuho raised their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Susquehanna upped their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a research report on Friday, November 8th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $264.20.

EPAM Systems Stock Performance

NYSE EPAM traded up $0.05 on Friday, hitting $245.27. The stock had a trading volume of 422,933 shares, compared to its average volume of 712,037. The company's 50-day moving average is $205.63 and its two-hundred day moving average is $198.29. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 3.75 and a beta of 1.46. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems announced that its board has authorized a stock repurchase program on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 1,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the transaction, the chief financial officer now owns 24,836 shares of the company's stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.30% of the stock is currently owned by insiders.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.