Creekmur Asset Management LLC acquired a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,659 shares of the information technology services provider's stock, valued at approximately $622,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the period. TD Private Client Wealth LLC increased its position in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of EPAM Systems in the fourth quarter worth about $35,000. Manchester Capital Management LLC lifted its position in shares of EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after buying an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 91.58% of the company's stock.
Wall Street Analyst Weigh In
EPAM has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. 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. StockNews.com upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday. Needham & Company LLC restated a "buy" rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, Morgan Stanley lifted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $257.31.
View Our Latest Stock Report on EPAM
Insider Activity
In related news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company's stock.
EPAM Systems Trading Down 1.7 %
Shares of NYSE:EPAM traded down $2.41 during trading on Monday, hitting $142.26. The company had a trading volume of 556,425 shares, compared to its average volume of 703,260. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company has a fifty day simple moving average of $213.08 and a two-hundred day simple moving average of $219.32. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $275.49.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.
About EPAM Systems
(
Free Report)
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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