Weiss Asset Management LP acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,133 shares of the information technology services provider's stock, valued at approximately $2,017,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC raised its position in shares of EPAM Systems by 28.6% during the 2nd quarter. CWM LLC now owns 1,857 shares of the information technology services provider's stock worth $349,000 after purchasing an additional 413 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of EPAM Systems in the second quarter worth about $29,000. SG Americas Securities LLC boosted its position in EPAM Systems by 235.3% during the second quarter. SG Americas Securities LLC now owns 23,409 shares of the information technology services provider's stock worth $4,403,000 after acquiring an additional 16,428 shares during the last quarter. Czech National Bank boosted its holdings in shares of EPAM Systems by 8.8% during the 2nd quarter. Czech National Bank now owns 11,047 shares of the information technology services provider's stock worth $2,078,000 after purchasing an additional 895 shares during the last quarter. Finally, D.B. Root & Company LLC purchased a new stake in shares of EPAM Systems in the second quarter valued at approximately $322,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
EPAM Systems Stock Up 2.1 %
EPAM traded up $5.08 on Friday, reaching $245.45. The company's stock had a trading volume of 1,982,660 shares, compared to its average volume of 648,402. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 3.70 and a beta of 1.49. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. 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 stock has a 50 day moving average of $215.53 and a two-hundred day moving average of $201.44.
Insider Activity
In related news, CFO Jason D. Peterson sold 1,000 shares of the business'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 completion of the sale, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.30% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on EPAM. Susquehanna lifted their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. Needham & Company LLC raised their target price on EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 8th. Scotiabank raised EPAM Systems from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $245.00 to $275.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Finally, Itau BBA Securities upgraded shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $268.95.
Check Out Our Latest Report on EPAM Systems
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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