State of Wisconsin Investment Board grew its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 17.7% during the second quarter, HoldingsChannel reports. The firm owned 82,961 shares of the information technology services provider’s stock after purchasing an additional 12,471 shares during the period. State of Wisconsin Investment Board’s holdings in EPAM Systems were worth $10,315,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EPAM. Twin Tree Management LP acquired a new position in EPAM Systems in the 1st quarter valued at $198,000. CIBC Asset Management Inc acquired a new stake in EPAM Systems in the 1st quarter worth $201,000. Alps Advisors Inc. acquired a new stake in EPAM Systems in the 1st quarter worth $207,000. Eaton Vance Management acquired a new stake in EPAM Systems in the 1st quarter worth $207,000. Finally, Capital One National Association acquired a new stake in EPAM Systems in the 2nd quarter worth $208,000. Institutional investors and hedge funds own 91.27% of the company’s stock.

In related news, SVP Boris Shnayder sold 3,000 shares of EPAM Systems stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $130.86, for a total transaction of $392,580.00. Following the completion of the transaction, the senior vice president now directly owns 25,508 shares of the company’s stock, valued at approximately $3,337,976.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elaina Shekhter sold 6,700 shares of EPAM Systems stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $123.98, for a total transaction of $830,666.00. Following the transaction, the senior vice president now directly owns 18,186 shares of the company’s stock, valued at $2,254,700.28. The disclosure for this sale can be found here. Insiders have sold a total of 23,632 shares of company stock valued at $2,951,687 over the last ninety days. 5.30% of the stock is owned by insiders.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. SunTrust Banks restated a “buy” rating and issued a $138.00 price target on shares of EPAM Systems in a research report on Friday, August 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $139.00 price target on shares of EPAM Systems in a research report on Thursday, August 2nd. KeyCorp raised their price target on shares of EPAM Systems from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, July 30th. Finally, Wolfe Research assumed coverage on shares of EPAM Systems in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $131.64.

NYSE:EPAM opened at $134.99 on Monday. The stock has a market cap of $7.01 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. EPAM Systems Inc has a 52 week low of $77.96 and a 52 week high of $137.73. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 0.02.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The company had revenue of $445.60 million during the quarter, compared to the consensus estimate of $447.14 million. EPAM Systems had a net margin of 7.68% and a return on equity of 18.55%. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. equities research analysts expect that EPAM Systems Inc will post 3.19 EPS for the current year.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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

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