Quadrature Capital Ltd Sells 7,271 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Quadrature Capital Ltd decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 26.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,704 shares of the information technology services provider's stock after selling 7,271 shares during the quarter. Quadrature Capital Ltd's holdings in EPAM Systems were worth $4,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its position in EPAM Systems by 5,000.0% during the second 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 position in EPAM Systems during the second quarter valued at $29,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock valued at $31,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC lifted its position in EPAM Systems by 101.0% during the third 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 during the period. Finally, Capital Performance Advisors LLP purchased a new position in EPAM Systems during the third quarter valued at $44,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

EPAM Systems stock traded up $5.07 during mid-day trading on Friday, hitting $245.44. The stock had a trading volume of 1,982,652 shares, compared to its average volume of 629,659. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $215.53 and its 200 day moving average is $201.36. The firm has a market capitalization of $13.92 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.68 and a beta of 1.49. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems declared that its board has authorized a stock buyback plan 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 purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

EPAM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research report on Thursday, August 22nd. They issued a "hold" rating and a $204.00 price target for the company. Jefferies Financial Group lifted their price target on EPAM Systems from $237.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 9th. The Goldman Sachs Group raised EPAM Systems from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $235.00 to $295.00 in a research report on Friday. JPMorgan Chase & Co. lifted their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Finally, Susquehanna lifted their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $268.95.

Insider Activity

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

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.