EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lifted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 157.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,672 shares of the information technology services provider's stock after acquiring an additional 7,147 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in EPAM Systems were worth $2,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock valued at $123,601,000 after buying an additional 652,515 shares during the period. TD Asset Management Inc grew its position in EPAM Systems by 80.0% during the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock valued at $112,017,000 after buying an additional 264,570 shares during the period. Charles Schwab Investment Management Inc. grew its position in EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock valued at $102,570,000 after buying an additional 160,989 shares during the period. Massachusetts Financial Services Co. MA grew its position in EPAM Systems by 643.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock valued at $83,100,000 after buying an additional 361,363 shares during the period. Finally, Bank of New York Mellon Corp grew its position in EPAM Systems by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 379,834 shares of the information technology services provider's stock valued at $71,451,000 after buying an additional 15,116 shares during the period. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 0.8 %

NYSE:EPAM traded up $1.92 on Monday, reaching $247.37. 1,490,826 shares of the company's stock were exchanged, compared to its average volume of 633,251. 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 firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 3.76 and a beta of 1.49. The business has a fifty day moving average of $215.53 and a 200-day moving average of $201.52. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50.

Insider Buying and Selling

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 $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EPAM. 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. Piper Sandler boosted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Citigroup upped their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Needham & Company LLC boosted their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 9th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $268.95.

About EPAM Systems

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.