Gilder Gagnon Howe & Co. LLC Sells 3,454 Shares of EPAM Systems Inc (NYSE:EPAM)

Gilder Gagnon Howe & Co. LLC lessened its stake in EPAM Systems Inc (NYSE:EPAM) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,170 shares of the information technology services provider’s stock after selling 3,454 shares during the period. Gilder Gagnon Howe & Co. LLC owned 1.18% of EPAM Systems worth $66,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of 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 during the period. BlackRock Inc. lifted its position in EPAM Systems by 0.5% in the second quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock valued at $253,188,000 after purchasing an additional 15,882 shares during the period. Amalgamated Bank lifted its position in EPAM Systems by 7.0% in the second quarter. Amalgamated Bank now owns 6,320 shares of the information technology services provider’s stock valued at $531,000 after purchasing an additional 411 shares during the period. PNC Financial Services Group Inc. lifted its position in EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 378 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in EPAM Systems by 9.8% in the second quarter. UBS Asset Management Americas Inc. now owns 24,692 shares of the information technology services provider’s stock valued at $2,076,000 after purchasing an additional 2,197 shares during the period. Institutional investors own 87.65% of the company’s stock.

A number of research analysts have issued reports on EPAM shares. Bank of America increased their target price on shares of EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, November 6th. Citigroup increased their target price on shares of EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective (up from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. UBS Group reissued a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $92.00 price objective on shares of EPAM Systems in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $102.87.

In other news, CEO Arkadiy Dobkin sold 19,600 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $103.21, for a total value of $2,022,916.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.17% of the company’s stock.

EPAM Systems Inc (NYSE EPAM) traded up $0.29 during trading on Thursday, reaching $111.02. 58,852 shares of the company traded hands, compared to its average volume of 291,699. EPAM Systems Inc has a 12-month low of $65.13 and a 12-month high of $119.18. The stock has a market cap of $5,840.00, a P/E ratio of 47.14, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56.

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EPAM Systems Company 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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