Trexquant Investment LP raised its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 114.4% in the first quarter, HoldingsChannel reports. The firm owned 7,453 shares of the information technology services provider’s stock after purchasing an additional 3,977 shares during the period. Trexquant Investment LP’s holdings in EPAM Systems were worth $1,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $34,000. Penserra Capital Management LLC bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $37,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $85,000. Meeder Asset Management Inc. increased its position in shares of EPAM Systems by 1,227.5% during the first quarter. Meeder Asset Management Inc. now owns 677 shares of the information technology services provider’s stock valued at $115,000 after acquiring an additional 626 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $123,000. 90.82% of the stock is owned by institutional investors.

Shares of EPAM opened at $174.50 on Friday. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.11. EPAM Systems Inc has a twelve month low of $104.77 and a twelve month high of $180.55. The company has a market cap of $9.53 billion, a P/E ratio of 44.63, a PEG ratio of 2.10 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, May 9th. The information technology services provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.33. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The business had revenue of $521.30 million during the quarter, compared to the consensus estimate of $519.11 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. On average, sell-side analysts anticipate that EPAM Systems Inc will post 4.24 EPS for the current fiscal year.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 50,000 shares of EPAM Systems stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $176.77, for a total value of $8,838,500.00. Following the completion of the sale, the chief executive officer now owns 1,593,490 shares of the company’s stock, valued at approximately $281,681,227.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Gary C. Abrahams sold 361 shares of EPAM Systems stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $177.16, for a total transaction of $63,954.76. Following the completion of the sale, the vice president now directly owns 2,710 shares of the company’s stock, valued at approximately $480,103.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,740 shares of company stock valued at $50,035,540. 5.30% of the stock is currently owned by insiders.

Several brokerages recently weighed in on EPAM. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $180.00 price target (up previously from $158.00) on shares of EPAM Systems in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. EPAM Systems has an average rating of “Buy” and a consensus target price of $160.00.

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About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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 mobile infrastructures 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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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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