EPAM Systems, Inc. (NYSE:EPAM) Short Interest Update

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,240,000 shares, an increase of 24.0% from the February 28th total of 1,000,000 shares. Approximately 2.3% of the company's shares are sold short. Based on an average daily volume of 673,600 shares, the short-interest ratio is presently 1.8 days.

Insider Activity

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors lifted its stake in EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after purchasing an additional 414,942 shares during the period. Ameriprise Financial Inc. raised its stake in EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after acquiring an additional 620,551 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of EPAM Systems by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after acquiring an additional 37,119 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after purchasing an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of EPAM Systems by 126.4% during the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after purchasing an additional 429,644 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EPAM. StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday. Barclays reduced their price target on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Morgan Stanley increased their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lowered their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $257.31.

EPAM Systems Stock Performance

Shares of EPAM stock traded down $10.82 during trading hours on Friday, reaching $144.73. 1,329,204 shares of the company's stock were exchanged, compared to its average volume of 680,645. EPAM Systems has a fifty-two week low of $144.00 and a fifty-two week high of $275.49. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.23 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.38 and a beta of 1.61. The business has a fifty day moving average price of $213.08 and a 200-day moving average price of $219.17.

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 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Analysts predict that EPAM Systems will post 8.9 EPS for the current fiscal year.

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.