Cumberland Partners Ltd Invests $935,000 in EPAM Systems, Inc. (NYSE:EPAM)

Cumberland Partners Ltd purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the information technology services provider's stock, valued at approximately $935,000.

A number of other large investors also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in EPAM Systems during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its holdings in 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 purchasing an additional 177 shares during the period. Farther Finance Advisors LLC boosted its position in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems in the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Stock Down 7.2 %

Shares of NYSE EPAM traded down $16.09 during mid-day trading on Friday, hitting $208.98. The company had a trading volume of 1,694,396 shares, compared to its average volume of 603,753. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $243.56 and a two-hundred day simple moving average of $222.23. The company has a market capitalization of $11.85 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.88 and a beta of 1.51. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.68% and a return on equity of 14.92%. On average, equities analysts expect that EPAM Systems, Inc. will post 8.59 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on EPAM shares. Jefferies Financial Group reduced their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Itau BBA Securities upgraded EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a report on Friday, November 8th. Mizuho boosted their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Susquehanna raised their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a report on Friday, November 8th. 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 research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average target price of $269.83.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,300 shares of company stock valued at $2,129,924. 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.