APG Asset Management N.V. Grows Position in EPAM Systems, Inc. (NYSE:EPAM)

APG Asset Management N.V. boosted its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1,117.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,334 shares of the information technology services provider's stock after acquiring an additional 30,597 shares during the quarter. APG Asset Management N.V. owned 0.06% of EPAM Systems worth $7,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EPAM. Advisory Services Network LLC increased its stake in shares of EPAM Systems by 415.6% in the 4th quarter. Advisory Services Network LLC now owns 2,284 shares of the information technology services provider's stock valued at $534,000 after purchasing an additional 1,841 shares during the last quarter. Renaissance Technologies LLC boosted its stake in EPAM Systems by 2,483.7% in the fourth quarter. Renaissance Technologies LLC now owns 222,200 shares of the information technology services provider's stock valued at $51,955,000 after buying an additional 213,600 shares in the last quarter. Bank of Nova Scotia grew its position in EPAM Systems by 325.4% in the fourth quarter. Bank of Nova Scotia now owns 31,214 shares of the information technology services provider's stock valued at $7,298,000 after acquiring an additional 23,876 shares during the last quarter. Cerity Partners LLC raised its stake in EPAM Systems by 21.5% during the fourth quarter. Cerity Partners LLC now owns 55,352 shares of the information technology services provider's stock worth $12,855,000 after acquiring an additional 9,778 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of EPAM Systems by 53.5% in the fourth quarter. Federated Hermes Inc. now owns 4,205 shares of the information technology services provider's stock worth $983,000 after acquiring an additional 1,465 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

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EPAM Systems Trading Down 0.3 %

EPAM traded down $0.41 during trading on Tuesday, reaching $151.56. 628,174 shares of the stock traded hands, compared to its average volume of 696,326. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average is $194.04 and its 200 day moving average is $215.97. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The stock has a market capitalization of $8.65 billion, a PE ratio of 19.33, a P/E/G ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EPAM. Jefferies Financial Group decreased their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Morgan Stanley upped their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Scotiabank dropped their price target on 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. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $251.80.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.30% of the company's stock.

EPAM Systems Company 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.