Taika Capital LP Has $4.52 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Taika Capital LP grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 434.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,345 shares of the information technology services provider's stock after buying an additional 15,728 shares during the quarter. EPAM Systems makes up 3.4% of Taika Capital LP's portfolio, making the stock its 9th largest position. Taika Capital LP's holdings in EPAM Systems were worth $4,523,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EPAM. Geneva Capital Management LLC raised its stake in EPAM Systems by 6.0% in the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider's stock valued at $14,187,000 after buying an additional 4,027 shares during the period. Centre Asset Management LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth approximately $8,757,000. Oppenheimer Asset Management Inc. bought a new stake in EPAM Systems in the 3rd quarter valued at $8,195,000. Oliver Luxxe Assets LLC acquired a new stake in EPAM Systems during the 4th quarter valued at $1,889,000. Finally, Victory Capital Management Inc. boosted its position in EPAM Systems by 247.6% during the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider's stock worth $14,419,000 after purchasing an additional 51,603 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

EPAM stock traded down $9.75 during mid-day trading on Thursday, hitting $179.46. The stock had a trading volume of 776,868 shares, compared to its average volume of 679,764. The firm has a fifty day simple moving average of $233.04 and a 200 day simple moving average of $222.56. The firm has a market capitalization of $10.21 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $303.81.

Remove Ads

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data 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 firm 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 9.61% and a return on equity of 14.60%. As a group, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on EPAM. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Morgan Stanley increased 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. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Barclays decreased their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group dropped their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $267.33.

About EPAM Systems

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.