American Century Companies Inc. Buys 5,435 Shares of EPAM Systems, Inc. (NYSE:EPAM)

American Century Companies Inc. increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,597 shares of the information technology services provider's stock after buying an additional 5,435 shares during the period. American Century Companies Inc.'s holdings in EPAM Systems were worth $4,816,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings 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 during the last quarter. TD Private Client Wealth LLC raised its position in shares of 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 acquiring an additional 69 shares during the period. Versant Capital Management Inc bought a new position in EPAM Systems during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC boosted its stake in 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 worth $48,000 after acquiring an additional 177 shares during the last quarter. Finally, Continuum Advisory LLC grew its holdings in EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 262 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity 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 transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by company insiders.

EPAM Systems Stock Performance

NYSE:EPAM traded down $12.92 during mid-day trading on Thursday, hitting $146.08. The stock had a trading volume of 789,219 shares, compared to its average volume of 691,955. The company's 50 day simple moving average is $200.57 and its 200 day simple moving average is $216.98. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.55.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Scotiabank reduced their price target on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th. Barclays lowered their price target on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group dropped their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.31.

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.