Verition Fund Management LLC bought a new position in EPAM Systems Inc (NYSE:EPAM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 946 shares of the information technology services provider’s stock, valued at approximately $238,000.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in shares of EPAM Systems by 833.3% in the first quarter. Fifth Third Bancorp now owns 140 shares of the information technology services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in shares of EPAM Systems during the first quarter valued at approximately $27,000. Berman Capital Advisors LLC grew its stake in shares of EPAM Systems by 92.7% during the second quarter. Berman Capital Advisors LLC now owns 158 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 76 shares during the last quarter. Jacobi Capital Management LLC grew its stake in EPAM Systems by 1,454.5% in the second quarter. Jacobi Capital Management LLC now owns 171 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 160 shares in the last quarter. Finally, Procyon Private Wealth Partners LLC grew its stake in EPAM Systems by 58.7% in the first quarter. Procyon Private Wealth Partners LLC now owns 273 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Several research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on EPAM Systems from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Morgan Stanley raised EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $246.00 to $349.00 in a research note on Wednesday, August 12th. JPMorgan Chase & Co. increased their price objective on EPAM Systems from $240.00 to $356.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Piper Sandler increased their price objective on EPAM Systems from $258.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus increased their price objective on EPAM Systems from $275.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $279.93.

Shares of NYSE EPAM opened at $334.92 on Wednesday. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $18.71 billion, a PE ratio of 66.19, a price-to-earnings-growth ratio of 4.11 and a beta of 1.37. The stock’s fifty day simple moving average is $308.06 and its two-hundred day simple moving average is $243.26. EPAM Systems Inc has a 12-month low of $151.97 and a 12-month high of $338.91.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $0.97 by $0.49. EPAM Systems had a return on equity of 18.45% and a net margin of 11.73%. The firm had revenue of $632.40 million during the quarter, compared to analyst estimates of $596.71 million. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities analysts predict that EPAM Systems Inc will post 4.91 earnings per share for the current fiscal year.

In other EPAM Systems news, SVP Sergey Yezhkov sold 3,250 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $327.59, for a total transaction of $1,064,667.50. Also, Director Ronald P. Vargo sold 500 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $325.73, for a total value of $162,865.00. Following the sale, the director now directly owns 7,596 shares in the company, valued at $2,474,245.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,201 shares of company stock valued at $4,315,494. Company insiders own 4.80% of the company’s stock.

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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