Ramsey Quantitative Systems purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,040 shares of the information technology services provider’s stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of EPAM Systems by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock worth $549,000 after purchasing an additional 17 shares during the last quarter. Renaissance Group LLC increased its stake in shares of EPAM Systems by 0.6% during the 2nd quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock worth $321,000 after purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of EPAM Systems by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock worth $366,000 after purchasing an additional 39 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of EPAM Systems by 1.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock worth $557,000 after purchasing an additional 70 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of EPAM Systems by 1.6% during the 2nd quarter. Prudential Financial Inc. now owns 6,820 shares of the information technology services provider’s stock worth $573,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 87.88% of the company’s stock.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.14, for a total value of $2,404,200.00. Following the transaction, the chief executive officer now directly owns 2,110,851 shares in the company, valued at $169,163,599.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 197,500 shares of company stock worth $16,289,345. Corporate insiders own 6.17% of the company’s stock.

Shares of EPAM Systems, Inc. (NYSE EPAM) traded up 0.53% during mid-day trading on Friday, reaching $84.09. 215,534 shares of the company’s stock were exchanged. EPAM Systems, Inc. has a 52-week low of $54.53 and a 52-week high of $87.93. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 40.60 and a beta of 0.99. The stock’s 50-day moving average is $82.21 and its 200-day moving average is $80.51.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The firm had revenue of $348.98 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts expect that EPAM Systems, Inc. will post $3.30 EPS for the current year.

Several research analysts have recently commented on EPAM shares. Cowen and Company restated a “buy” rating and set a $95.00 price target on shares of EPAM Systems in a research note on Friday, September 1st. Bank of America Corporation began coverage on shares of EPAM Systems in a research note on Tuesday, September 12th. They issued a “buy” rating and a $95.00 target price on the stock. Credit Suisse Group began coverage on shares of EPAM Systems in a research note on Tuesday, July 4th. They issued an “outperform” rating and a $90.00 target price on the stock. BidaskClub upgraded shares of EPAM Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. EPAM Systems presently has a consensus rating of “Buy” and an average price target of $91.54.

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EPAM Systems Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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