OxFORD Asset Management LLP increased its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 226.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,791 shares of the information technology services provider’s stock after acquiring an additional 9,562 shares during the quarter. OxFORD Asset Management LLP’s holdings in EPAM Systems were worth $1,178,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in EPAM Systems during the second quarter worth about $101,000. Jacobi Capital Management LLC bought a new position in EPAM Systems during the second quarter worth about $119,000. PNC Financial Services Group Inc. increased its position in EPAM Systems by 34.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 378 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in EPAM Systems by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 166 shares during the period. Finally, US Bancorp DE increased its position in EPAM Systems by 1,762.5% during the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 1,974 shares during the period. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of EPAM Systems Inc (NYSE:EPAM) opened at $108.03 on Wednesday. EPAM Systems Inc has a one year low of $61.91 and a one year high of $108.70. 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 cap of $5,740.73, a P/E ratio of 42.96, a PEG ratio of 2.09 and a beta of 1.00.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $368.22 million. During the same period last year, the company posted $0.76 EPS. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. sell-side analysts anticipate that EPAM Systems Inc will post 2.68 earnings per share for the current year.

In other news, Director Ronald P. Vargo sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total value of $405,280.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Arkadiy Dobkin sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $101.64, for a total transaction of $7,623,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,654 shares of company stock worth $26,552,885. 6.17% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on EPAM shares. Pivotal Research started coverage on shares of EPAM Systems in a research note on Tuesday, December 5th. They set a “buy” rating and a $120.00 price objective on the stock. KeyCorp reiterated a “buy” rating on shares of EPAM Systems in a research note on Friday, October 20th. Needham & Company LLC reiterated 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. Cowen set a $115.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, UBS reiterated 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. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. EPAM Systems presently has a consensus rating of “Buy” and a consensus target price of $101.40.

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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.

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

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