Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 41,964 EPAM Systems, Inc. (NYSE:EPAM)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,964 shares of the information technology services provider's stock, valued at approximately $9,812,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.07% of EPAM Systems as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC lifted its position 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 worth $27,000 after buying an additional 54 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in EPAM Systems by 88.5% in 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 buying an additional 69 shares during the period. Versant Capital Management Inc acquired a new position in EPAM Systems in the fourth quarter valued at about $35,000. Manchester Capital Management LLC boosted its stake in EPAM Systems by 590.0% during the fourth 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. acquired a new stake in shares of EPAM Systems during the fourth quarter valued at about $49,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 0.3 %

Shares of EPAM traded down $0.48 during midday trading on Friday, reaching $146.80. The stock had a trading volume of 419,892 shares, compared to its average volume of 700,538. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.38 and a beta of 1.69. The company's fifty day simple moving average is $187.18 and its two-hundred day simple moving average is $215.06. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

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 for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EPAM. Jefferies Financial Group lowered their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Barclays lowered their price target on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Scotiabank cut their price objective on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Piper Sandler lowered shares of EPAM Systems from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $251.00 to $170.00 in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus target price of $245.93.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by company insiders.

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.