EPAM Systems, Inc. (NYSE:EPAM) Stock Position Increased by Barclays PLC

Barclays PLC boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,629 shares of the information technology services provider’s stock after buying an additional 13,981 shares during the quarter. Barclays PLC owned 0.23% of EPAM Systems worth $25,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPAM. ORG Partners LLC grew its stake in shares of 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 buying an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems during the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems during the 3rd quarter worth $52,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Price Performance

Shares of EPAM opened at $244.64 on Friday. 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 market cap of $13.88 billion, a PE ratio of 31.77, a PEG ratio of 3.87 and a beta of 1.49. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The firm’s 50 day moving average price is $220.73 and its 200 day moving average price is $203.57.

Analysts Set New Price Targets

Several brokerages have recently commented on EPAM. Jefferies Financial Group upped their target price on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Citigroup lifted their target price 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. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Mizuho lifted their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $268.95.

Insider Activity

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems 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 transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is owned by corporate insiders.

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.