EPAM Systems, Inc. (NYSE:EPAM) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522,144 shares of the information technology services provider's stock after buying an additional 6,793 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.92% of EPAM Systems worth $122,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. Farther Finance Advisors LLC boosted its holdings in EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 106 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of EPAM Systems by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 9,540 shares of the information technology services provider's stock valued at $1,843,000 after buying an additional 946 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of EPAM Systems by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 21,579 shares of the information technology services provider's stock valued at $4,295,000 after buying an additional 90 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of EPAM Systems by 1.2% during the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock worth $14,066,000 after buying an additional 848 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new stake in shares of EPAM Systems in the third quarter worth $1,022,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

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EPAM Systems Stock Performance

NYSE EPAM traded down $2.06 on Wednesday, hitting $189.30. The stock had a trading volume of 302,778 shares, compared to its average volume of 672,654. The company's 50-day moving average is $233.93 and its two-hundred day moving average is $222.80. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 3.38 and a beta of 1.61. 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 one year low of $169.43 and a one year high of $308.99.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays reduced their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday. Mizuho increased their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $267.33.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is owned by corporate insiders.

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.