ClariVest Asset Management LLC Buys 14,379 Shares of EPAM Systems Inc (EPAM)

ClariVest Asset Management LLC increased its stake in shares of EPAM Systems Inc (NYSE:EPAM) by 62.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,232 shares of the information technology services provider’s stock after purchasing an additional 14,379 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.07% of EPAM Systems worth $4,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Morgan Stanley increased its position in EPAM Systems by 7.2% during the 3rd quarter. Morgan Stanley now owns 5,793,689 shares of the information technology services provider’s stock worth $797,790,000 after purchasing an additional 388,438 shares in the last quarter. Vanguard Group Inc. grew its holdings in EPAM Systems by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,447,536 shares of the information technology services provider’s stock valued at $612,425,000 after buying an additional 117,376 shares during the period. Vanguard Group Inc grew its holdings in EPAM Systems by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 4,447,536 shares of the information technology services provider’s stock valued at $612,425,000 after buying an additional 117,376 shares during the period. BlackRock Inc. grew its holdings in EPAM Systems by 0.3% in the 3rd quarter. BlackRock Inc. now owns 2,201,852 shares of the information technology services provider’s stock valued at $303,195,000 after buying an additional 7,591 shares during the period. Finally, Capital World Investors grew its holdings in EPAM Systems by 78.8% in the 3rd quarter. Capital World Investors now owns 2,070,917 shares of the information technology services provider’s stock valued at $285,165,000 after buying an additional 912,555 shares during the period. Hedge funds and other institutional investors own 92.86% of the company’s stock.

Several research firms have commented on EPAM. Wedbush lifted their price target on EPAM Systems from $150.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, November 13th. Finally, KeyCorp lifted their price objective on EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $147.93.

EPAM Systems stock opened at $149.58 on Thursday. The company has a market cap of $8.07 billion, a P/E ratio of 52.48, a P/E/G ratio of 1.79 and a beta of 1.58. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.02. EPAM Systems Inc has a one year low of $104.77 and a one year high of $150.42.

ILLEGAL ACTIVITY WARNING: “ClariVest Asset Management LLC Buys 14,379 Shares of EPAM Systems Inc (EPAM)” was first published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://transcriptdaily.com/2019/02/14/clarivest-asset-management-llc-buys-14379-shares-of-epam-systems-inc-epam.html.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

See Also: The components of the Stochastic Momentum Index

Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply