Dimensional Fund Advisors LP Acquires 9,944 Shares of EPAM Systems Inc (EPAM)

Dimensional Fund Advisors LP boosted its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,070 shares of the information technology services provider’s stock after buying an additional 9,944 shares during the period. Dimensional Fund Advisors LP owned about 0.55% of EPAM Systems worth $25,591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in EPAM Systems by 0.9% during the second quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock worth $366,000 after buying an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in EPAM Systems by 1.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock worth $557,000 after buying an additional 70 shares in the last quarter. CS Mckee LP boosted its stake in EPAM Systems by 0.6% during the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock worth $1,501,000 after buying an additional 100 shares in the last quarter. Prudential Financial Inc. boosted its stake in EPAM Systems by 1.6% during the second quarter. Prudential Financial Inc. now owns 6,820 shares of the information technology services provider’s stock worth $573,000 after buying an additional 110 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in EPAM Systems by 3.7% during the second quarter. Ameritas Investment Partners Inc. now owns 4,317 shares of the information technology services provider’s stock worth $363,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

EPAM Systems Inc (EPAM) opened at $113.30 on Friday. The stock has a market capitalization of $5,973.63, a price-to-earnings ratio of 44.71, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. EPAM Systems Inc has a twelve month low of $63.32 and a twelve month high of $114.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 15.70% and a net margin of 9.41%. The business’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. equities research analysts anticipate that EPAM Systems Inc will post 2.67 EPS for the current year.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction on Monday, October 30th. The stock was sold at an average price of $90.81, for a total transaction of $1,362,150.00. Following the completion of the transaction, the chief executive officer now directly owns 1,995,851 shares of the company’s stock, valued at $181,243,229.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald P. Vargo sold 4,000 shares of EPAM Systems stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total value of $405,280.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,154 shares of company stock valued at $21,216,385. Company insiders own 6.17% of the company’s stock.

A number of equities research analysts have weighed in on EPAM shares. Pivotal Research started coverage on shares of EPAM Systems in a research note on Tuesday, December 5th. They set a “buy” rating and a $120.00 price target on the stock. KeyCorp reiterated a “buy” rating on shares of EPAM Systems in a research note on Friday, October 20th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target (up previously from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Cowen set a $115.00 price target on shares of EPAM Systems and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, UBS Group reiterated a “buy” rating and set a $105.00 price target (up previously from $96.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $102.87.

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EPAM Systems Profile

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.

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

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