EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 21.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 325 shares of the information technology services provider’s stock after acquiring an additional 57 shares during the period. First Horizon Advisors Inc.’s holdings in EPAM Systems were worth $65,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EPAM. ORG Partners LLC boosted its holdings in shares of EPAM Systems by 5,000.0% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 150 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in EPAM Systems in the second quarter valued at $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 106 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Mizuho increased their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Jefferies Financial Group lifted their target price on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Needham & Company LLC upped their price target on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.20.

EPAM Systems Stock Performance

EPAM Systems stock opened at $245.27 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The stock has a fifty day moving average of $206.50 and a two-hundred day moving average of $197.56. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.75 and a beta of 1.46.

EPAM Systems declared that its board has approved a stock buyback plan on Thursday, August 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.