Holocene Advisors LP Purchases 1,168 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Holocene Advisors LP increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,433 shares of the information technology services provider’s stock after purchasing an additional 1,168 shares during the quarter. Holocene Advisors LP’s holdings in EPAM Systems were worth $4,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC grew its stake 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 valued at $28,000 after buying an additional 150 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in EPAM Systems in the 2nd quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC grew its stake in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in EPAM Systems in the 3rd quarter valued at about $44,000. 91.58% of the stock is owned by institutional investors.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 24,836 shares of the company’s stock, 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 the SEC website. 4.30% of the stock is owned by insiders.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $241.91 on Thursday. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 3.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm has a 50 day simple moving average of $212.90 and a 200 day simple moving average of $200.42. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems declared that its board has initiated a stock buyback plan on Thursday, August 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

EPAM has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, November 8th. Needham & Company LLC increased their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $264.20.

EPAM Systems Company 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.