EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 308,498 shares of the information technology services provider’s stock after purchasing an additional 8,959 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.54% of EPAM Systems worth $61,400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock worth $123,601,000 after acquiring an additional 652,515 shares during the period. Manning & Napier Advisors LLC acquired a new position in EPAM Systems in the 2nd quarter valued at $84,850,000. Massachusetts Financial Services Co. MA increased its stake in EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after acquiring an additional 361,363 shares during the last quarter. TD Asset Management Inc raised its position in EPAM Systems by 80.0% in the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock valued at $112,017,000 after purchasing an additional 264,570 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of EPAM Systems by 47,294.2% in the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock valued at $35,560,000 after buying an additional 188,704 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EPAM has been the topic of several recent analyst reports. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Susquehanna boosted their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Needham & Company LLC upped their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Mizuho increased their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $264.20.

EPAM Systems Stock Down 0.1 %

Shares of EPAM Systems stock opened at $243.79 on Tuesday. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The stock has a market capitalization of $13.83 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The company has a 50-day simple moving average of $212.10 and a two-hundred day simple moving average of $200.05.

EPAM Systems declared that its board has authorized a share buyback program on Thursday, August 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

EPAM Systems 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.