HighPoint Advisor Group LLC Has $909,000 Position in EPAM Systems, Inc. (EPAM)

HighPoint Advisor Group LLC reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,166 shares of the information technology services provider’s stock after selling 510 shares during the quarter. HighPoint Advisor Group LLC’s holdings in EPAM Systems were worth $909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. lifted its stake in shares of EPAM Systems by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock worth $549,000 after purchasing an additional 17 shares during the last quarter. Renaissance Group LLC lifted its stake in shares of EPAM Systems by 0.6% during the 2nd quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock worth $321,000 after purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of EPAM Systems by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock worth $366,000 after purchasing an additional 39 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in EPAM Systems by 1.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock valued at $557,000 after buying an additional 70 shares during the last quarter. Finally, CS Mckee LP raised its stake in EPAM Systems by 0.6% in the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock valued at $1,501,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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Shares of EPAM Systems, Inc. (NYSE:EPAM) traded down $0.43 during mid-day trading on Tuesday, hitting $102.37. The stock had a trading volume of 274,200 shares, compared to its average volume of 338,041. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $5,429.13, a price-to-earnings ratio of 40.63, a PEG ratio of 1.97 and a beta of 0.95. EPAM Systems, Inc. has a fifty-two week low of $60.78 and a fifty-two week high of $103.49.

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

In related news, CEO Arkadiy Dobkin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the sale, the chief executive officer now directly owns 1,985,851 shares of the company’s stock, valued at $188,655,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Elaina Shekhter sold 500 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $90.00, for a total value of $45,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 348,454 shares of company stock worth $30,770,735. 6.17% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on the company. Bank of America Corporation increased their price target on EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Citigroup Inc. increased their price target on EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target (up from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. UBS AG reiterated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 price target on shares of EPAM Systems in a research note on Thursday, November 2nd. Fifteen investment analysts have rated the stock with a buy rating, EPAM Systems currently has an average rating of “Buy” and an average price target of $98.29.

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.

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

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