iSAM Funds UK Ltd Takes $279,000 Position in EPAM Systems, Inc. (NYSE:EPAM)

iSAM Funds UK Ltd acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,403 shares of the information technology services provider’s stock, valued at approximately $279,000.

Several other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI lifted its stake in EPAM Systems by 81.7% in the 3rd quarter. National Bank of Canada FI now owns 29,061 shares of the information technology services provider’s stock worth $5,784,000 after purchasing an additional 13,068 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of EPAM Systems by 165.2% in the third quarter. iA Global Asset Management Inc. now owns 3,700 shares of the information technology services provider’s stock worth $736,000 after buying an additional 2,305 shares in the last quarter. Wellington Management Group LLP boosted its stake in EPAM Systems by 8.5% during the third quarter. Wellington Management Group LLP now owns 214,294 shares of the information technology services provider’s stock valued at $42,651,000 after buying an additional 16,757 shares during the period. Worldquant Millennium Advisors LLC grew its position in EPAM Systems by 157.9% during the third quarter. Worldquant Millennium Advisors LLC now owns 11,672 shares of the information technology services provider’s stock worth $2,323,000 after buying an additional 7,147 shares in the last quarter. Finally, Washington Harbour Partners LP bought a new position in EPAM Systems in the 3rd quarter worth about $935,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 2.1 %

Shares of NYSE EPAM opened at $245.45 on Monday. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.70 and a beta of 1.49. 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’s fifty day moving average is $215.53 and its 200 day moving average is $201.52. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50.

Insider Activity

In related news, CFO Jason D. Peterson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research note on Friday, November 8th. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their price objective for the company from $235.00 to $295.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective for the company. Finally, Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.95.

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.