Pathstone Holdings LLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 32.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,249 shares of the information technology services provider's stock after acquiring an additional 3,507 shares during the quarter. Pathstone Holdings LLC's holdings in EPAM Systems were worth $2,836,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in shares of EPAM Systems by 5,000.0% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider's stock valued at $28,000 after buying an additional 150 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of EPAM Systems during the second quarter worth $29,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after buying an additional 106 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems in the 3rd quarter valued at $44,000. 91.58% of the stock is owned by institutional investors.
EPAM Systems Trading Down 0.2 %
Shares of EPAM traded down $0.49 during trading hours on Tuesday, hitting $248.67. The company had a trading volume of 581,043 shares, compared to its average volume of 622,516. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a market cap of $14.10 billion, a P/E ratio of 32.01, a P/E/G ratio of 3.75 and a beta of 1.46. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The stock's 50 day moving average price is $207.37 and its 200 day moving average price is $198.03.
EPAM Systems announced that its board has authorized a stock repurchase plan on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EPAM shares. StockNews.com raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Mizuho raised their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Needham & Company LLC upped their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Finally, Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $245.00 to $275.00 in a report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average price target of $264.20.
Get Our Latest Analysis on EPAM
Insider Buying and Selling at EPAM Systems
In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the sale, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.30% of the company's stock.
EPAM Systems Company Profile
(
Free Report)
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.
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