Resona Asset Management Co. Ltd. bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,487 shares of the information technology services provider's stock, valued at approximately $3,866,000.
A number of other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems during the fourth quarter worth about $35,000. Manchester Capital Management LLC increased its stake in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in EPAM Systems in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 91.58% of the company's stock.
EPAM Systems Price Performance
Shares of EPAM Systems stock traded up $3.64 during trading on Monday, hitting $151.40. 54,772 shares of the company were exchanged, compared to its average volume of 692,265. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 3.38 and a beta of 1.69. The firm has a 50 day moving average price of $198.41 and a 200 day moving average price of $216.75. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.
EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
Insider Activity at EPAM Systems
In other news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.30% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on EPAM. Scotiabank decreased their price target on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, February 24th. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley increased their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Barclays dropped their price target on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Jefferies Financial Group lowered their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $251.80.
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About EPAM Systems
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Free Report)
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.
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