Globeflex Capital L P Invests $3.72 Million in EPAM Systems, Inc. (NYSE:EPAM)

Globeflex Capital L P acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,900 shares of the information technology services provider's stock, valued at approximately $3,718,000.

Several other large investors have also bought and sold shares of EPAM. Aurora Investment Counsel lifted its holdings in shares of EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after acquiring an additional 45 shares during the last quarter. Metis Global Partners LLC lifted its stake in EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider's stock valued at $404,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock worth $65,000 after buying an additional 57 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after buying an additional 60 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company's stock.

EPAM Systems Stock Down 1.1 %

NYSE:EPAM traded down $2.02 during trading hours on Wednesday, reaching $181.00. The company had a trading volume of 852,095 shares, compared to its average volume of 648,431. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $296.20. 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 firm has a market cap of $10.30 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 3.38 and a beta of 1.61. The business's 50-day simple moving average is $229.28 and its two-hundred day simple moving average is $222.26.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued 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 net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank lowered their price objective on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, February 24th. Jefferies Financial Group dropped their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Barclays reduced their target price on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and raised their price target for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.