CIBC Private Wealth Group LLC Has $26.04 Million Stake in EPAM Systems Inc (EPAM)

CIBC Private Wealth Group LLC grew its stake in EPAM Systems Inc (NYSE:EPAM) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 224,452 shares of the information technology services provider’s stock after buying an additional 1,759 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in EPAM Systems were worth $26,039,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of EPAM Systems by 7.2% in the 3rd quarter. Morgan Stanley now owns 5,793,689 shares of the information technology services provider’s stock valued at $797,790,000 after buying an additional 388,438 shares during the period. Vanguard Group Inc. lifted its holdings in shares of EPAM Systems by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,447,536 shares of the information technology services provider’s stock valued at $612,425,000 after buying an additional 117,376 shares during the period. Vanguard Group Inc lifted its holdings in shares of EPAM Systems by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 4,447,536 shares of the information technology services provider’s stock valued at $612,425,000 after buying an additional 117,376 shares during the period. BlackRock Inc. lifted its holdings in shares of EPAM Systems by 0.3% in the 3rd quarter. BlackRock Inc. now owns 2,201,852 shares of the information technology services provider’s stock valued at $303,195,000 after buying an additional 7,591 shares during the period. Finally, Capital World Investors lifted its holdings in shares of EPAM Systems by 78.8% in the 3rd quarter. Capital World Investors now owns 2,070,917 shares of the information technology services provider’s stock valued at $285,165,000 after buying an additional 912,555 shares during the period. 92.86% of the stock is owned by institutional investors and hedge funds.

Shares of EPAM Systems stock opened at $149.21 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.02. EPAM Systems Inc has a twelve month low of $104.77 and a twelve month high of $150.42. The stock has a market capitalization of $7.91 billion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.58.



Several brokerages have recently issued reports on EPAM. Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, January 21st. SunTrust Banks boosted their price objective on EPAM Systems to $165.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald boosted their price objective on EPAM Systems from $139.00 to $146.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Jefferies Financial Group began coverage on EPAM Systems in a research note on Tuesday, November 20th. They issued a “hold” rating and a $134.00 price target for the company. Finally, KeyCorp lifted their price target on EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. EPAM Systems has a consensus rating of “Buy” and an average price target of $146.87.

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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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