Cambridge Investment Research Advisors Inc. reduced its position in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,749 shares of the information technology services provider’s stock after selling 3,031 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in EPAM Systems were worth $2,641,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in EPAM Systems in the first quarter worth $30,000. Clear Street Markets LLC lifted its holdings in shares of EPAM Systems by 93.1% in the 1st quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 54 shares during the last quarter. Financial Freedom LLC bought a new position in shares of EPAM Systems in the 4th quarter valued at about $34,000. Global Retirement Partners LLC lifted its holdings in shares of EPAM Systems by 147.3% in the 1st quarter. Global Retirement Partners LLC now owns 136 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 81 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of EPAM Systems in the 1st quarter valued at about $38,000. 90.88% of the stock is owned by institutional investors.
EPAM Systems Trading Down 1.6 %
NYSE EPAM opened at $255.69 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.92 and a current ratio of 4.92. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 6.77 and a beta of 1.47. The company’s 50-day simple moving average is $250.05 and its two-hundred day simple moving average is $252.70. EPAM Systems, Inc. has a one year low of $197.99 and a one year high of $389.59.
Insider Buying and Selling at EPAM Systems
In related news, Director Eugene Roman sold 1,552 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $237.44, for a total transaction of $368,506.88. Following the transaction, the director now directly owns 982 shares in the company, valued at approximately $233,166.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.20% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on EPAM shares. Stifel Nicolaus cut their target price on EPAM Systems from $320.00 to $240.00 in a research report on Tuesday, June 6th. JPMorgan Chase & Co. lifted their price target on shares of EPAM Systems from $272.00 to $319.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. Bank of America cut shares of EPAM Systems from a “buy” rating to an “underperform” rating in a research note on Monday, June 5th. Piper Sandler lifted their price target on shares of EPAM Systems from $215.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th. Finally, Scotiabank initiated coverage on EPAM Systems in a report on Wednesday, August 23rd. They issued a “sector perform” rating and a $265.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $296.00.
Get Our Latest Stock Report on EPAM Systems
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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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