Chase Investment Counsel Corp lessened its position in EPAM Systems Inc (NYSE:EPAM) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 12,015 shares of the information technology services provider’s stock after selling 660 shares during the period. Chase Investment Counsel Corp’s holdings in EPAM Systems were worth $1,290,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in EPAM Systems by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock valued at $268,840,000 after purchasing an additional 119,230 shares in the last quarter. State Street Corp increased its stake in EPAM Systems by 6.5% in the second quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock valued at $81,460,000 after purchasing an additional 59,511 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in EPAM Systems by 87.4% in the third quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock valued at $81,470,000 after purchasing an additional 432,237 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in EPAM Systems by 1.5% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 625,624 shares of the information technology services provider’s stock valued at $55,011,000 after purchasing an additional 8,999 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its stake in EPAM Systems by 7.6% in the second quarter. Wasatch Advisors Inc. now owns 543,649 shares of the information technology services provider’s stock valued at $45,715,000 after purchasing an additional 38,195 shares in the last quarter. 89.27% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Ronald P. Vargo sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total transaction of $405,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Arkadiy Dobkin sold 19,600 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $103.21, for a total transaction of $2,022,916.00. The disclosure for this sale can be found here. Insiders have sold 98,600 shares of company stock valued at $10,051,196 in the last three months. 6.17% of the stock is owned by insiders.

Several equities research analysts have commented on EPAM shares. Bank of America upped their target price on shares of EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Citigroup upped their target price on shares of 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 reaffirmed a “buy” rating and issued a $110.00 target price (up previously from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. UBS Group reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $96.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $92.00 target price on shares of EPAM Systems in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $102.87.

Shares of EPAM Systems Inc (NYSE EPAM) opened at $111.72 on Wednesday. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.03. EPAM Systems Inc has a 12-month low of $64.67 and a 12-month high of $119.18. The stock has a market cap of $5,870.00, a price-to-earnings ratio of 47.34, a PEG ratio of 1.72 and a beta of 0.93.

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, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The company had revenue of $377.50 million during the quarter, compared to the consensus estimate of $368.22 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue was up 26.6% compared to the same quarter last year. research analysts expect that EPAM Systems Inc will post 2.67 EPS for the current fiscal year.

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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.

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

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