Hosking Partners LLP lifted its position in EPAM Systems Inc (NYSE:EPAM) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,679 shares of the information technology services provider’s stock after purchasing an additional 19,399 shares during the quarter. Hosking Partners LLP’s holdings in EPAM Systems were worth $29,831,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EPAM. Canada Pension Plan Investment Board increased its stake in EPAM Systems by 87.4% during the third quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock worth $81,470,000 after acquiring an additional 432,237 shares during the last quarter. Barings LLC bought a new stake in EPAM Systems during the fourth quarter worth approximately $39,278,000. BARING ASSET MANAGEMENT Ltd increased its stake in EPAM Systems by 105.7% during the third quarter. BARING ASSET MANAGEMENT Ltd now owns 406,329 shares of the information technology services provider’s stock worth $35,728,000 after acquiring an additional 208,825 shares during the last quarter. JPMorgan Chase & Co. increased its stake in EPAM Systems by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock worth $268,840,000 after acquiring an additional 119,230 shares during the last quarter. Finally, Sutton Square Management L.P. bought a new stake in EPAM Systems during the fourth quarter worth approximately $11,354,000. 87.65% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Inc (NYSE EPAM) opened at $110.03 on Tuesday. EPAM Systems Inc has a 12-month low of $65.13 and a 12-month high of $119.18. The stock has a market capitalization of $5,780.00, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56.

Several equities research analysts have weighed in on the company. KeyCorp reissued a “buy” rating and set a $100.00 price objective on shares of EPAM Systems in a research note on Sunday, October 29th. UBS Group cut EPAM Systems from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $105.00 to $110.00 in a research note on Wednesday, November 29th. Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cantor Fitzgerald reissued a “buy” rating and set a $92.00 price objective on shares of EPAM Systems in a research note on Thursday, November 2nd. Finally, Bank of America boosted their price objective on EPAM Systems from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. EPAM Systems presently has a consensus rating of “Buy” and an average target price of $102.87.

In related news, CEO Arkadiy Dobkin sold 19,600 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $103.21, for a total value of $2,022,916.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald P. Vargo sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total value of $405,280.00. The disclosure for this sale can be found here. 6.17% of the stock is owned by insiders.

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About EPAM Systems

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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