Canada Pension Plan Investment Board Has $4.96 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Canada Pension Plan Investment Board increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,200 shares of the information technology services provider's stock after acquiring an additional 5,300 shares during the period. Canada Pension Plan Investment Board's holdings in EPAM Systems were worth $4,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of EPAM Systems by 90.0% in 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. TD Private Client Wealth LLC grew 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 worth $34,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc acquired a new stake in EPAM Systems in the 4th quarter valued at about $35,000. Manchester Capital Management LLC raised its stake 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 worth $48,000 after acquiring an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of EPAM Systems during the fourth quarter worth approximately $49,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPAM has been the subject of several research analyst reports. Jefferies Financial Group dropped 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 dropped their target price 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 decreased their price target 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. Morgan Stanley boosted their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $245.93.

EPAM Systems Price Performance

Shares of EPAM stock opened at $147.46 on Wednesday. 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 12-month low of $138.15 and a 12-month high of $269.00. The firm has a fifty day moving average of $182.38 and a 200-day moving average of $214.23. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) 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%. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 23,382 shares of the company's stock, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.

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