Virtu KCG Holdings LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,946 shares of the information technology services provider’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in shares of EPAM Systems during the second quarter valued at approximately $101,000. Jacobi Capital Management LLC acquired a new position in EPAM Systems during the second quarter worth approximately $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 purchasing an additional 378 shares during the last quarter. 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 purchasing an additional 166 shares during the last quarter. 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 purchasing an additional 1,974 shares during the last quarter. 87.82% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Virtu KCG Holdings LLC Acquires New Position in EPAM Systems, Inc. (EPAM)” was first reported by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/virtu-kcg-holdings-llc-acquires-new-position-in-epam-systems-inc-epam/1638393.html.

Shares of EPAM Systems, Inc. (NYSE EPAM) opened at 90.95 on Wednesday. EPAM Systems, Inc. has a 52-week low of $54.53 and a 52-week high of $91.97. The stock has a 50 day moving average of $85.44 and a 200 day moving average of $82.38. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 43.92 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.18. The firm had revenue of $348.98 million for the quarter, compared to analyst estimates of $342.00 million. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities analysts predict that EPAM Systems, Inc. will post $3.30 EPS for the current fiscal year.

In related news, CEO Arkadiy Dobkin sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.14, for a total transaction of $2,404,200.00. Following the transaction, the chief executive officer now owns 2,110,851 shares of the company’s stock, valued at $169,163,599.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Elaina Shekhter sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,000 shares of company stock worth $20,262,045. Insiders own 6.17% of the company’s stock.

Several equities analysts recently commented on EPAM shares. Barclays PLC dropped their price target on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. BidaskClub lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Tuesday, October 3rd. UBS AG upped their price target on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Berenberg Bank set a $95.00 price target on shares of EPAM Systems and gave the stock a “buy” rating in a research report on Sunday, August 6th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $93.14.

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.

Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems, Inc. (NYSE:EPAM).

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

Receive News & Ratings for EPAM Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.