Teachers Retirement System of The State of Kentucky boosted its position in shares of EPAM Systems Inc (NYSE:EPAM) by 341.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,500 shares of the information technology services provider’s stock after acquiring an additional 43,702 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in EPAM Systems were worth $7,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in EPAM Systems by 46.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,358 shares of the information technology services provider’s stock worth $418,000 after acquiring an additional 1,061 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in EPAM Systems during the 2nd quarter worth approximately $507,000. Riverhead Capital Management LLC raised its position in shares of EPAM Systems by 8.8% during the second quarter. Riverhead Capital Management LLC now owns 16,313 shares of the information technology services provider’s stock valued at $2,028,000 after buying an additional 1,313 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of EPAM Systems during the third quarter valued at approximately $304,000. Finally, Morgan Stanley raised its position in shares of EPAM Systems by 2.1% during the second quarter. Morgan Stanley now owns 5,405,251 shares of the information technology services provider’s stock valued at $672,035,000 after buying an additional 110,874 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

In related news, SVP Viktar Dvorkin sold 20,000 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $142.98, for a total value of $2,859,600.00. Following the sale, the senior vice president now owns 29,258 shares in the company, valued at $4,183,308.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Balazs Fejes sold 15,133 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $141.33, for a total transaction of $2,138,746.89. Following the completion of the sale, the executive vice president now owns 28,458 shares in the company, valued at approximately $4,021,969.14. The disclosure for this sale can be found here. Insiders sold 38,680 shares of company stock worth $5,484,215 in the last 90 days. 5.30% of the stock is currently owned by company insiders.

EPAM has been the topic of several recent analyst reports. Bank of America cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $134.00 to $147.00 in a research report on Tuesday, September 4th. Citigroup lifted their price objective on shares of EPAM Systems from $142.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, October 5th. Zacks Investment Research cut shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. KeyCorp lifted their price objective on shares of EPAM Systems from $143.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, July 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EPAM Systems from $152.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. EPAM Systems has a consensus rating of “Buy” and an average price target of $141.00.

Shares of EPAM opened at $125.32 on Monday. EPAM Systems Inc has a fifty-two week low of $96.11 and a fifty-two week high of $144.19. The firm has a market capitalization of $6.77 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.02.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.33. EPAM Systems had a net margin of 8.60% and a return on equity of 19.19%. The company had revenue of $468.20 million for the quarter, compared to analysts’ expectations of $466.97 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. EPAM Systems’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, analysts anticipate that EPAM Systems Inc will post 3.43 EPS for the current year.

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EPAM Systems Profile

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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