Quantinno Capital Management LP increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 385.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,607 shares of the information technology services provider's stock after purchasing an additional 6,040 shares during the period. Quantinno Capital Management LP's holdings in EPAM Systems were worth $1,514,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in EPAM. CWM LLC boosted its holdings in EPAM Systems by 28.6% during the 2nd quarter. CWM LLC now owns 1,857 shares of the information technology services provider's stock valued at $349,000 after acquiring an additional 413 shares during the period. Diversified Trust Co purchased a new stake in shares of EPAM Systems during the second quarter valued at $734,000. V Square Quantitative Management LLC grew its holdings in shares of EPAM Systems by 40.2% in the second quarter. V Square Quantitative Management LLC now owns 1,497 shares of the information technology services provider's stock worth $282,000 after purchasing an additional 429 shares during the last quarter. ORG Partners LLC increased its stake in 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 worth $28,000 after buying an additional 150 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in EPAM Systems by 36.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,483 shares of the information technology services provider's stock valued at $1,031,000 after buying an additional 1,457 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
EPAM has been the topic of a number of research analyst reports. Jefferies Financial Group upped their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. Susquehanna increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a research note on Friday, November 8th. The Goldman Sachs Group raised EPAM Systems from a "neutral" rating to a "buy" rating and lifted their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Finally, StockNews.com upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $268.95.
Read Our Latest Research Report on EPAM
EPAM Systems Stock Down 1.2 %
Shares of EPAM traded down $2.93 during midday trading on Thursday, hitting $250.07. 676,735 shares of the company's stock traded hands, compared to its average volume of 635,559. 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 stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 3.76 and a beta of 1.49. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The firm's fifty day moving average is $219.80 and its 200-day moving average is $203.12.
Insider Activity at EPAM Systems
In other news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.30% of the stock is currently owned by corporate insiders.
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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