Financiere des Professionnels Fonds d investissement inc. Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,937 shares of the information technology services provider's stock, valued at approximately $453,000.

A number of other institutional investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in shares of EPAM Systems by 573.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 801 shares of the information technology services provider's stock worth $159,000 after buying an additional 682 shares during the period. Creative Planning grew its stake in EPAM Systems by 100.8% in the third quarter. Creative Planning now owns 7,178 shares of the information technology services provider's stock valued at $1,429,000 after acquiring an additional 3,604 shares during the period. NBC Securities Inc. raised its position in shares of EPAM Systems by 549.1% during the third quarter. NBC Securities Inc. now owns 1,097 shares of the information technology services provider's stock worth $218,000 after purchasing an additional 928 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of EPAM Systems by 2.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,949 shares of the information technology services provider's stock worth $1,184,000 after purchasing an additional 161 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in EPAM Systems by 4.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider's stock valued at $311,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on EPAM. Citigroup increased their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Jefferies Financial Group lowered their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley upped their target price 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 raised EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Scotiabank raised EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $269.83.

EPAM Systems Trading Down 12.8 %

EPAM traded down $33.00 during trading on Thursday, reaching $225.11. 2,293,332 shares of the company's stock were exchanged, compared to its average volume of 570,701. The firm has a fifty day moving average price of $244.27 and a two-hundred day moving average price of $222.18. The stock has a market capitalization of $12.77 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 3.92 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. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results 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). EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 8.59 earnings per share for the current fiscal year.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock worth $2,129,924 over the last three months. 4.30% of the stock is owned by company insiders.

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.