Canada Pension Plan Investment Board increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 1.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 494,300 shares of the information technology services provider’s stock after buying an additional 5,000 shares during the period. Canada Pension Plan Investment Board’s holdings in EPAM Systems were worth $41,566,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of EPAM Systems by 4.3% in the first quarter. Vanguard Group Inc. now owns 3,813,871 shares of the information technology services provider’s stock worth $288,023,000 after buying an additional 157,652 shares in the last quarter. FMR LLC boosted its stake in EPAM Systems by 19.4% in the first quarter. FMR LLC now owns 3,675,177 shares of the information technology services provider’s stock worth $277,549,000 after buying an additional 598,179 shares during the period. Morgan Stanley boosted its stake in EPAM Systems by 21.0% in the first quarter. Morgan Stanley now owns 3,461,697 shares of the information technology services provider’s stock worth $261,428,000 after buying an additional 600,775 shares during the period. BlackRock Inc. boosted its stake in EPAM Systems by 76,013.5% in the first quarter. BlackRock Inc. now owns 2,995,067 shares of the information technology services provider’s stock worth $226,186,000 after buying an additional 2,991,132 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 70.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,058,688 shares of the information technology services provider’s stock worth $155,472,000 after buying an additional 850,759 shares during the period. Institutional investors own 97.46% of the company’s stock.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at 79.73 on Friday. The company has a 50-day moving average price of $84.13 and a 200-day moving average price of $77.83. The company has a market cap of $4.19 billion, a PE ratio of 38.50 and a beta of 0.99. EPAM Systems, Inc. has a 1-year low of $54.53 and a 1-year high of $87.93.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The firm had revenue of $348.98 million for the quarter, compared to analyst estimates of $342 million. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Equities research analysts expect that EPAM Systems, Inc. will post $3.32 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the company. Berenberg Bank set a $95.00 price target on EPAM Systems and gave the company a “buy” rating in a research note on Sunday, August 6th. Monness Crespi & Hardt increased their price target on EPAM Systems from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Wedbush increased their price target on EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Barclays PLC increased their price target on EPAM Systems from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research cut EPAM Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. EPAM Systems has an average rating of “Buy” and a consensus target price of $90.11.

In other news, SVP Ginger Mosier sold 26,055 shares of EPAM Systems stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $85.65, for a total value of $2,231,610.75. Following the completion of the transaction, the senior vice president now directly owns 12,733 shares in the company, valued at $1,090,581.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Balazs Fejes sold 34,234 shares of EPAM Systems stock in a transaction on Monday, June 5th. The shares were sold at an average price of $84.76, for a total value of $2,901,673.84. Following the completion of the transaction, the senior vice president now owns 48,467 shares of the company’s stock, valued at $4,108,062.92. The disclosure for this sale can be found here. Insiders own 6.17% of the company’s stock.

EPAM Systems Company 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.

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

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