Barclays PLC Has $39.65 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Barclays PLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,512 shares of the information technology services provider’s stock after acquiring an additional 13,959 shares during the quarter. Barclays PLC owned 0.12% of EPAM Systems worth $39,654,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in EPAM Systems by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,091,704 shares of the information technology services provider’s stock worth $2,601,658,000 after acquiring an additional 19,351 shares during the last quarter. BlackRock Inc. boosted its position in EPAM Systems by 1.6% during the 3rd quarter. BlackRock Inc. now owns 3,541,782 shares of the information technology services provider’s stock worth $2,020,516,000 after acquiring an additional 56,287 shares during the last quarter. State Street Corp boosted its position in EPAM Systems by 12.9% during the 2nd quarter. State Street Corp now owns 1,251,452 shares of the information technology services provider’s stock worth $639,442,000 after acquiring an additional 143,407 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of EPAM Systems by 8.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 869,935 shares of the information technology services provider’s stock valued at $444,502,000 after buying an additional 71,015 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of EPAM Systems by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 684,720 shares of the information technology services provider’s stock valued at $349,328,000 after buying an additional 55,206 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

In other EPAM Systems news, Director Ronald P. Vargo sold 850 shares of the company’s stock in a transaction dated Thursday, December 2nd. The stock was sold at an average price of $611.03, for a total value of $519,375.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gary C. Abrahams sold 157 shares of the company’s stock in a transaction dated Thursday, December 9th. The stock was sold at an average price of $702.92, for a total value of $110,358.44. The disclosure for this sale can be found here. Insiders sold a total of 83,011 shares of company stock worth $56,859,180 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

EPAM stock opened at $543.06 on Friday. The stock has a market cap of $30.80 billion, a P/E ratio of 75.32, a P/E/G ratio of 1.99 and a beta of 1.44. The stock’s fifty day simple moving average is $636.62 and its two-hundred day simple moving average is $611.60. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $333.68 and a 1-year high of $725.40.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, November 4th. The information technology services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.20. EPAM Systems had a return on equity of 19.79% and a net margin of 12.59%. The company had revenue of $988.50 million for the quarter, compared to analyst estimates of $964.12 million. During the same period in the previous year, the company posted $1.41 EPS. The firm’s revenue for the quarter was up 51.6% compared to the same quarter last year. As a group, analysts forecast that EPAM Systems, Inc. will post 7.35 earnings per share for the current fiscal year.

A number of research firms recently weighed in on EPAM. VTB Capital upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $750.00 price target on the stock in a research note on Tuesday, November 23rd. Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating and set a $607.00 price objective on the stock. in a research report on Wednesday, October 6th. Finally, Piper Sandler increased their price objective on EPAM Systems from $689.00 to $824.00 and gave the stock an “overweight” rating in a research report on Thursday, November 4th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $645.11.

EPAM Systems Company Profile

EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.

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

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