Janus Henderson Group PLC Boosts Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Janus Henderson Group PLC boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,711 shares of the information technology services provider’s stock after purchasing an additional 85 shares during the period. Janus Henderson Group PLC’s holdings in EPAM Systems were worth $1,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EPAM. ORG Partners LLC raised its stake in shares of EPAM Systems by 5,000.0% in the second 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its position in 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 worth $42,000 after buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP bought a new position in EPAM Systems during the 3rd quarter valued at about $44,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems during the 3rd quarter valued at about $52,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Price Performance

NYSE:EPAM opened at $244.64 on Friday. The stock has a market cap of $13.88 billion, a PE ratio of 31.77, a P/E/G ratio of 3.87 and a beta of 1.49. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $220.73 and its two-hundred day simple moving average is $203.57. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50.

Analyst Ratings Changes

Several research analysts have recently weighed in on EPAM shares. Susquehanna boosted their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Citigroup increased their price target on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Jefferies Financial Group increased their target price on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.95.

Insider Activity at EPAM Systems

In other EPAM Systems 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 completion of the transaction, the chief financial officer now owns 24,836 shares of the company’s stock, valued at $5,886,132. This represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is owned by company insiders.

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.