Cim Investment Management Inc. Has $290,000 Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Cim Investment Management Inc. lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.8% in the third quarter, HoldingsChannel reports. The fund owned 1,455 shares of the information technology services provider’s stock after selling 57 shares during the period. Cim Investment Management Inc.’s holdings in EPAM Systems were worth $290,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. ORG Partners LLC raised its holdings in 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of 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 buying an additional 100 shares during the period. Farther Finance Advisors LLC raised its stake in shares of EPAM Systems by 101.0% during the third 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 acquired a new position in EPAM Systems in the third quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC bought a new position in EPAM Systems in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the topic of several recent research reports. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, November 8th. Susquehanna raised their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Needham & Company LLC increased their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Citigroup lifted their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Mizuho boosted their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.95.

EPAM Systems Stock Performance

EPAM opened at $250.07 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The business has a fifty day simple moving average of $219.80 and a 200 day simple moving average of $203.12. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a market capitalization of $14.18 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,000 shares of the firm’s 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 transaction, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is owned by insiders.

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.