iA Global Asset Management Inc. Grows Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

iA Global Asset Management Inc. grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 165.2% during the third quarter, Holdings Channel reports. The institutional investor owned 3,700 shares of the information technology services provider’s stock after purchasing an additional 2,305 shares during the quarter. iA Global Asset Management Inc.’s holdings in EPAM Systems were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC raised its stake in EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $404,000 after acquiring an additional 50 shares during the period. Retirement Systems of Alabama lifted its stake in shares of EPAM Systems by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after buying an additional 52 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of EPAM Systems by 0.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock valued at $2,321,000 after buying an additional 56 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after buying an additional 57 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in EPAM Systems by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock valued at $1,089,000 after buying an additional 63 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

EPAM stock opened at $247.37 on Tuesday. The firm has a market cap of $14.03 billion, a P/E ratio of 32.13, a P/E/G ratio of 3.76 and a beta of 1.49. The firm’s fifty day moving average is $216.50 and its 200 day moving average is $201.95. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EPAM shares. Needham & Company LLC raised their price target on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group raised their target price on EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Mizuho upped their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.95.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.