EPAM Systems, Inc. (EPAM) Holdings Decreased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,449 shares of the information technology services provider’s stock after selling 4,987 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.37% of EPAM Systems worth $17,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Acrospire Investment Management LLC bought a new position in shares of EPAM Systems in the second quarter worth approximately $101,000. Jacobi Capital Management LLC bought a new position in shares of EPAM Systems during the second quarter worth $119,000. PNC Financial Services Group Inc. boosted its position in shares of EPAM Systems by 34.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EPAM Systems by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 166 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of EPAM Systems by 1,762.5% during the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 1,974 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Several equities analysts have commented on the stock. Bank of America Corporation increased their price objective on shares of EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Citigroup Inc. increased their target price on shares of EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. UBS AG reissued a “buy” rating and issued a $105.00 target price (up previously from $96.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price (up previously from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Wednesday, November 1st. Fifteen analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $98.29.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,985,851 shares of the company’s stock, valued at approximately $188,655,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Elaina Shekhter sold 1,261 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $95.00, for a total transaction of $119,795.00. Following the transaction, the senior vice president now directly owns 10,458 shares of the company’s stock, valued at $993,510. The disclosure for this sale can be found here. Insiders sold a total of 348,454 shares of company stock valued at $30,770,735 over the last quarter. 6.17% of the stock is owned by company insiders.

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EPAM Systems, Inc. (EPAM) traded down $0.43 during trading hours on Tuesday, hitting $102.37. 274,200 shares of the stock were exchanged, compared to its average volume of 338,041. The company has a market cap of $5,429.13, a PE ratio of 40.63, a P/E/G ratio of 1.97 and a beta of 0.95. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. EPAM Systems, Inc. has a twelve month low of $60.78 and a twelve month high of $103.49.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. EPAM Systems’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. equities analysts expect that EPAM Systems, Inc. will post 2.69 earnings per share for the current fiscal year.

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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