Farther Finance Advisors LLC Boosts Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Farther Finance Advisors LLC raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 101.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 211 shares of the information technology services provider’s stock after purchasing an additional 106 shares during the period. Farther Finance Advisors LLC’s holdings in EPAM Systems were worth $42,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EPAM. Vanguard Group Inc. raised its stake in shares of EPAM Systems by 0.6% in 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 purchasing an additional 39,531 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of EPAM Systems by 14,325.2% in the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock worth $123,601,000 after acquiring an additional 652,515 shares during the period. TD Asset Management Inc increased its position in EPAM Systems by 80.0% during the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock valued at $112,017,000 after acquiring an additional 264,570 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in EPAM Systems by 22.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 512,353 shares of the information technology services provider’s stock valued at $139,516,000 after acquiring an additional 94,544 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in EPAM Systems in the second quarter worth about $84,850,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the 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 sale, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective on the stock. Finally, Needham & Company LLC increased their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.20.

EPAM Systems Stock Down 1.5 %

NYSE EPAM opened at $244.86 on Friday. The stock has a 50 day moving average price of $202.58 and a 200-day moving average price of $198.38. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The company has a market capitalization of $13.89 billion, a P/E ratio of 31.80, a P/E/G ratio of 3.75 and a beta of 1.46.

EPAM Systems announced that its board has authorized a share buyback program 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 repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

EPAM Systems 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.