GSA Capital Partners LLP trimmed its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,600 shares of the information technology services provider’s stock after selling 419 shares during the period. GSA Capital Partners LLP’s holdings in EPAM Systems were worth $302,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of EPAM Systems during the 3rd quarter worth $6,197,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of EPAM Systems during the 3rd quarter valued at $1,239,000. Piedmont Investment Advisors Inc. bought a new stake in shares of EPAM Systems during the 3rd quarter valued at $506,000. Janus Henderson Group PLC raised its position in shares of EPAM Systems by 1,622.5% during the 3rd quarter. Janus Henderson Group PLC now owns 57,842 shares of the information technology services provider’s stock valued at $7,965,000 after purchasing an additional 54,484 shares during the period. Finally, Twin Tree Management LP raised its position in shares of EPAM Systems by 1,993.9% during the 3rd quarter. Twin Tree Management LP now owns 7,224 shares of the information technology services provider’s stock valued at $995,000 after purchasing an additional 6,879 shares during the period. Institutional investors and hedge funds own 93.19% of the company’s stock.
Shares of NYSE EPAM opened at $169.82 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.56 and a current ratio of 4.56. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 43.43, a P/E/G ratio of 2.10 and a beta of 1.65. EPAM Systems Inc has a 52-week low of $104.77 and a 52-week high of $170.38.
EPAM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research report on Tuesday, January 8th. VTB Capital downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of EPAM Systems to $167.00 and gave the company an “overweight” rating in a research report on Friday, February 15th. Finally, KeyCorp raised their price objective on shares of EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $154.73.
In other EPAM Systems news, SVP Boris Shnayder sold 15,000 shares of EPAM Systems stock in a transaction on Monday, February 25th. The shares were sold at an average price of $159.90, for a total value of $2,398,500.00. Following the sale, the senior vice president now directly owns 37,508 shares in the company, valued at approximately $5,997,529.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald P. Vargo sold 2,000 shares of EPAM Systems stock in a transaction on Friday, March 8th. The shares were sold at an average price of $159.64, for a total transaction of $319,280.00. Following the completion of the sale, the director now owns 10,276 shares in the company, valued at $1,640,460.64. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
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About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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