Chase Investment Counsel Corp acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,675 shares of the information technology services provider’s stock, valued at approximately $1,114,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EPAM. Vanguard Group Inc. raised its holdings in shares of EPAM Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,919,515 shares of the information technology services provider’s stock valued at $329,591,000 after purchasing an additional 105,644 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of EPAM Systems by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,028,774 shares of the information technology services provider’s stock valued at $254,691,000 after purchasing an additional 183,111 shares in the last quarter. BlackRock Inc. raised its holdings in shares of EPAM Systems by 0.5% in the 2nd quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock valued at $253,188,000 after purchasing an additional 15,882 shares in the last quarter. State Street Corp raised its holdings in shares of EPAM Systems by 6.5% in the 2nd quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock valued at $81,460,000 after purchasing an additional 59,511 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of EPAM Systems by 87.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock valued at $81,470,000 after purchasing an additional 432,237 shares in the last quarter. Institutional investors own 88.60% of the company’s stock.

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EPAM has been the subject of several recent research reports. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, October 3rd. Bank of America Corporation began coverage on shares of EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. Berenberg Bank set a $95.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a research note on Sunday, August 6th. UBS AG boosted their price objective on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Cowen and Company reiterated a “buy” rating and set a $95.00 price objective on shares of EPAM Systems in a research note on Friday, September 1st. Fifteen equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $98.29.

In other EPAM Systems news, SVP Elaina Shekhter sold 1,261 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $95.00, for a total transaction of $119,795.00. Following the sale, the senior vice president now owns 10,458 shares of the company’s stock, valued at approximately $993,510. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Arkadiy Dobkin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the sale, the chief executive officer now directly owns 1,985,851 shares in the company, valued at approximately $188,655,845. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,554 shares of company stock worth $32,791,034. 6.17% of the stock is owned by insiders.

EPAM Systems, Inc. (EPAM) traded up $0.46 during trading hours on Friday, reaching $102.80. 38,759 shares of the company’s stock traded hands, compared to its average volume of 337,603. The stock has a market cap of $5,439.17, a P/E ratio of 40.71, a PEG ratio of 1.98 and a beta of 0.95. EPAM Systems, Inc. has a 12 month low of $60.64 and a 12 month high of $103.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.05 and a current ratio of 5.56.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $377.50 million for the quarter, compared to the consensus estimate of $368.22 million. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. EPAM Systems’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. research analysts anticipate that EPAM Systems, Inc. will post 2.69 earnings per share for the current fiscal year.

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.

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

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