Daiwa Securities Group Inc. Purchases 695 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Daiwa Securities Group Inc. raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,089 shares of the information technology services provider’s stock after purchasing an additional 695 shares during the period. Daiwa Securities Group Inc.’s holdings in EPAM Systems were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EPAM. Tidal Investments LLC grew its holdings in EPAM Systems by 17.2% during the first quarter. Tidal Investments LLC now owns 3,167 shares of the information technology services provider’s stock valued at $875,000 after purchasing an additional 464 shares during the period. Comerica Bank grew its holdings in EPAM Systems by 3.1% during the first quarter. Comerica Bank now owns 9,593 shares of the information technology services provider’s stock valued at $2,649,000 after purchasing an additional 286 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of EPAM Systems by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,473 shares of the information technology services provider’s stock worth $2,859,000 after acquiring an additional 195 shares in the last quarter. Polianta Ltd purchased a new stake in shares of EPAM Systems during the second quarter worth $1,185,000. Finally, CWM LLC lifted its position in shares of EPAM Systems by 28.6% during the second quarter. CWM LLC now owns 1,857 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 413 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction dated 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 owns 24,836 shares in the company, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 target price on the stock. Mizuho increased their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Jefferies Financial Group increased their target price on EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price of $264.20.

EPAM Systems Stock Down 0.8 %

EPAM opened at $243.92 on Friday. The stock has a market cap of $13.84 billion, a PE ratio of 31.68, a P/E/G ratio of 3.76 and a beta of 1.46. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The business’s fifty day simple moving average is $210.25 and its 200 day simple moving average is $199.15.

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