Wellington Management Group LLP raised its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,294 shares of the information technology services provider's stock after purchasing an additional 16,757 shares during the period. Wellington Management Group LLP owned 0.38% of EPAM Systems worth $42,651,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its stake in shares of EPAM Systems by 28.6% in the second 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 in the last quarter. Diversified Trust Co acquired a new position in shares of EPAM Systems in the second quarter valued at about $734,000. V Square Quantitative Management LLC grew its stake 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 valued at $282,000 after acquiring an additional 429 shares in the last quarter. ORG Partners LLC grew its stake in shares of EPAM Systems by 5,000.0% in the second 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. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of EPAM Systems by 36.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,483 shares of the information technology services provider's stock valued at $1,031,000 after acquiring an additional 1,457 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently commented on EPAM. Mizuho upped their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective 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. Piper Sandler upped their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 9th. Finally, Citigroup upped their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $268.95.
Get Our Latest Analysis on EPAM Systems
Insider Buying and Selling at EPAM Systems
In other news, CFO Jason D. Peterson sold 1,000 shares of the firm's 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 completion of the sale, the chief financial officer now owns 24,836 shares of the company's stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.30% of the company's stock.
EPAM Systems Trading Down 1.3 %
NYSE EPAM traded down $3.34 during trading hours on Thursday, reaching $249.66. The company's stock had a trading volume of 424,260 shares, compared to its average volume of 634,334. The stock has a market cap of $14.16 billion, a P/E ratio of 32.85, a P/E/G ratio of 3.76 and a beta of 1.49. The firm has a fifty day simple moving average of $218.71 and a 200-day simple moving average of $202.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50.
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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