EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,448 shares of the information technology services provider’s stock after selling 519 shares during the period. Crossmark Global Holdings Inc.’s holdings in EPAM Systems were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Raymond James & Associates boosted its holdings in EPAM Systems by 1,741.1% in the third quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider’s stock valued at $7,303,000 after purchasing an additional 34,701 shares during the period. Allspring Global Investments Holdings LLC raised its position in EPAM Systems by 251.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,128 shares of the information technology services provider’s stock valued at $3,807,000 after purchasing an additional 13,690 shares in the last quarter. Diversified Trust Co purchased a new position in shares of EPAM Systems in the 2nd quarter valued at about $734,000. Vanguard Group Inc. grew its position in shares of EPAM Systems by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after buying an additional 39,531 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new position in shares of EPAM Systems during the second quarter worth about $631,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 3.9 %

EPAM stock opened at $235.29 on Friday. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 3.81 and a beta of 1.46. The company has a fifty day moving average price of $203.19 and a 200 day moving average price of $198.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50.

EPAM Systems declared that its board has authorized a share repurchase plan on Thursday, August 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of recent research reports. Barclays lifted their price target on shares of EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Mizuho lifted their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC upped their price objective on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $264.20.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Company Profile

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.