Washington Harbour Partners LP Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

Washington Harbour Partners LP bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,700 shares of the information technology services provider's stock, valued at approximately $935,000. EPAM Systems comprises approximately 1.7% of Washington Harbour Partners LP's holdings, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ORG Partners LLC raised its position 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 purchasing an additional 150 shares during the period. Opal Wealth Advisors LLC purchased a new stake in EPAM Systems during the 2nd quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in 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 acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its position 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 during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of EPAM Systems in the third quarter worth approximately $44,000. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred 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 directly owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $5.08 during midday trading on Friday, hitting $245.45. 1,982,611 shares of the stock traded hands, compared to its average volume of 629,658. The firm has a market capitalization of $13.92 billion, a P/E ratio of 31.22, a PEG 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. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The firm has a 50-day moving average of $214.61 and a two-hundred day moving average of $200.99.

EPAM Systems announced that its board has approved a share repurchase program on Thursday, August 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on EPAM. Scotiabank raised shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Jefferies Financial Group upped their price target on EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research note on Thursday, August 22nd. They set a "hold" rating and a $204.00 target price on the stock. Mizuho lifted their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $268.95.

EPAM Systems 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.