Virtu Financial LLC bought a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,706 shares of the information technology services provider's stock, valued at approximately $738,000.
Other institutional investors have also bought and sold shares of the company. ORG Partners LLC increased its stake 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 acquiring an additional 150 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in EPAM Systems by 181.8% in the third 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 period. Farther Finance Advisors LLC increased its stake in EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems during the third quarter valued at about $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the 3rd quarter worth about $52,000. Institutional investors own 91.58% of the company's stock.
EPAM Systems Stock Performance
Shares of NYSE:EPAM traded down $5.43 during midday trading on Friday, reaching $244.64. 767,518 shares of the company traded hands, compared to its average volume of 636,106. The firm's fifty day moving average price is $220.73 and its two-hundred day moving average price is $203.75. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. 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 12 month low of $169.43 and a 12 month high of $317.50.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on EPAM shares. Citigroup upped their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Scotiabank raised 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 research report on Monday, November 11th. The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and lifted their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Finally, Susquehanna raised their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a research report on Friday, November 8th. Seven equities research 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
Insider Transactions at EPAM Systems
In other 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 transaction, the chief financial officer now 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 SEC, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares of the company's stock, valued at $3,334,890. This represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is currently owned by corporate insiders.
About EPAM Systems
(
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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