Gilder Gagnon Howe & Co. LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 625,624 shares of the information technology services provider’s stock after acquiring an additional 8,999 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 1.19% of EPAM Systems worth $55,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EPAM. Prudential Financial Inc. increased its holdings in EPAM Systems by 24.7% during the 1st quarter. Prudential Financial Inc. now owns 6,710 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 1,330 shares during the period. Principal Financial Group Inc. increased its holdings in EPAM Systems by 56.5% during the 1st quarter. Principal Financial Group Inc. now owns 10,623 shares of the information technology services provider’s stock worth $802,000 after acquiring an additional 3,833 shares during the period. Legal & General Group Plc increased its holdings in EPAM Systems by 4.2% during the 1st quarter. Legal & General Group Plc now owns 17,070 shares of the information technology services provider’s stock worth $1,288,000 after acquiring an additional 695 shares during the period. BlackRock Inc. increased its holdings in EPAM Systems by 76,013.5% during the 1st quarter. BlackRock Inc. now owns 2,995,067 shares of the information technology services provider’s stock worth $226,186,000 after acquiring an additional 2,991,132 shares during the period. Finally, Bank of America Corp DE increased its holdings in EPAM Systems by 59.7% during the 1st quarter. Bank of America Corp DE now owns 115,671 shares of the information technology services provider’s stock worth $8,735,000 after acquiring an additional 43,253 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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In other news, CEO Arkadiy Dobkin sold 5,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $78.86, for a total value of $394,300.00. Following the completion of the sale, the chief executive officer now owns 2,105,851 shares of the company’s stock, valued at approximately $166,067,409.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Elaina Shekhter sold 500 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Insiders sold a total of 348,454 shares of company stock valued at $30,770,735 in the last ninety days. 6.17% of the stock is owned by corporate insiders.

Shares of EPAM Systems, Inc. (NYSE:EPAM) traded up $0.46 during trading hours on Monday, hitting $102.80. 163,600 shares of the stock were exchanged, compared to its average volume of 338,334. The company has a market cap of $5,340.00, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 1.97 and a beta of 0.95. EPAM Systems, Inc. has a 1 year low of $60.64 and a 1 year high of $103.49. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03.

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

A number of analysts recently weighed in on EPAM shares. BidaskClub lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG upped their target price on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC decreased their target price on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Berenberg Bank set a $95.00 target price on shares of EPAM Systems and gave the stock a “buy” rating in a report on Sunday, August 6th. Finally, Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Fifteen research analysts have rated the stock with a buy rating, EPAM Systems currently has a consensus rating of “Buy” and an average price target of $98.29.

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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