Aviso Financial Inc. Buys 2,148 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Aviso Financial Inc. increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,495 shares of the information technology services provider's stock after acquiring an additional 2,148 shares during the period. Aviso Financial Inc.'s holdings in EPAM Systems were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of EPAM Systems in the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its stake in shares of EPAM Systems by 101.0% in 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 in the last quarter. Manchester Capital Management LLC raised its position in shares of 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 valued at $48,000 after purchasing an additional 177 shares during the period. Finally, Continuum Advisory LLC raised its holdings in EPAM Systems by 5,240.0% in the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 262 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is owned by insiders.

EPAM Systems Trading Down 1.8 %

EPAM Systems stock traded down $3.36 during mid-day trading on Tuesday, hitting $182.86. The stock had a trading volume of 464,845 shares, compared to its average volume of 646,497. The stock has a market capitalization of $10.40 billion, a PE ratio of 23.32, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $301.60. The stock has a 50-day simple moving average of $230.19 and a two-hundred day simple moving average of $222.38.

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

Analyst Ratings Changes

A number of research firms have recently commented on EPAM. Jefferies Financial Group dropped their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Barclays dropped their price target on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Scotiabank dropped their target price on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus target price of $267.33.

About EPAM Systems

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.