EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Lifted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,931 shares of the information technology services provider’s stock after purchasing an additional 76 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in EPAM Systems were worth $384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. ORG Partners LLC increased its holdings in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 150 shares during the period. Opal Wealth Advisors LLC acquired a new stake in EPAM Systems during the 2nd quarter worth approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares in the last quarter. Finally, Capital Performance Advisors LLP bought 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EPAM. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a report on Friday, November 8th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Susquehanna upped their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $264.20.

EPAM Systems Price Performance

EPAM stock opened at $244.87 on Friday. The business has a 50 day simple moving average of $205.63 and a 200-day simple moving average of $198.29. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.89 billion, a P/E ratio of 31.80, a PEG ratio of 3.48 and a beta of 1.46. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50.

EPAM Systems declared that its Board of Directors has initiated a stock buyback program on Thursday, August 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by 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.