Andra AP fonden Increases Stake in EPAM Systems, Inc. (NYSE:EPAM)

Andra AP fonden grew its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,800 shares of the information technology services provider's stock after purchasing an additional 19,800 shares during the quarter. Andra AP fonden owned approximately 0.24% of EPAM Systems worth $31,519,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in EPAM Systems in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its position in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 106 shares during the period. Capital Performance Advisors LLP bought a new position in EPAM Systems during the third quarter worth $44,000. Manchester Capital Management LLC grew its holdings in EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the period. Finally, Continuum Advisory LLC increased its stake in EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 262 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPAM has been the subject of several research reports. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and raised their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Barclays reduced their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday. Jefferies Financial Group decreased their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Mizuho increased their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $267.33.

Remove Ads

Insider Activity

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares of the company's stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is currently owned by insiders.

EPAM Systems Price Performance

Shares of EPAM stock traded up $1.16 during trading on Tuesday, hitting $191.57. The company had a trading volume of 704,450 shares, compared to its average volume of 681,186. 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, Inc. has a 52 week low of $169.43 and a 52 week high of $309.48. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The stock's 50-day moving average is $235.66 and its two-hundred day moving average is $222.89.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.