NJ State Employees Deferred Compensation Plan Acquires Shares of 4,000 EPAM Systems, Inc. (EPAM)

NJ State Employees Deferred Compensation Plan acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,000 shares of the information technology services provider’s stock, valued at approximately $352,000.

Other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in shares of EPAM Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock valued at $549,000 after purchasing an additional 17 shares in the last quarter. Renaissance Group LLC lifted its holdings in shares of EPAM Systems by 0.6% in the second quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock valued at $321,000 after purchasing an additional 21 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of EPAM Systems by 0.9% in the second quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock valued at $366,000 after purchasing an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of EPAM Systems by 1.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock valued at $557,000 after purchasing an additional 70 shares in the last quarter. Finally, CS Mckee LP lifted its holdings in shares of EPAM Systems by 0.6% in the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock valued at $1,501,000 after purchasing an additional 100 shares in the last quarter. 87.89% of the stock is owned by hedge funds and other institutional investors.

In other EPAM Systems news, SVP Elaina Shekhter sold 500 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $90.00, for a total value of $45,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 15,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $90.81, for a total value of $1,362,150.00. Following the completion of the sale, the chief executive officer now directly owns 1,995,851 shares of the company’s stock, valued at $181,243,229.31. The disclosure for this sale can be found here. Insiders sold 288,000 shares of company stock valued at $24,354,345 over the last three months. Company insiders own 6.17% of the company’s stock.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at $99.67 on Friday. The company has a market capitalization of $5,234.97, a price-to-earnings ratio of 39.40, a P/E/G ratio of 2.12 and a beta of 0.95. EPAM Systems, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $100.30. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.03.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.07. The business had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. EPAM Systems had a return on equity of 16.35% and a net margin of 9.41%. EPAM Systems’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. analysts anticipate that EPAM Systems, Inc. will post 2.55 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the company. Citigroup Inc. raised their target price on EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price (up previously from $90.00) on shares of EPAM Systems in a report on Friday. UBS AG restated a “buy” rating and issued a $105.00 target price (up previously from $96.00) on shares of EPAM Systems in a report on Friday. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 target price on shares of EPAM Systems in a report on Thursday. Finally, Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Wednesday. Fifteen equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $97.21.

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About EPAM Systems

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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