Groupama Asset Managment Invests $1.37 Million in EPAM Systems, Inc. (NYSE:EPAM)

Groupama Asset Managment purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,833 shares of the information technology services provider's stock, valued at approximately $1,369,000.

A number of other large investors also recently bought and sold shares of EPAM. Norges Bank purchased a new stake in shares of EPAM Systems in the fourth quarter worth about $173,053,000. William Blair Investment Management LLC purchased a new position in EPAM Systems in the 4th quarter worth approximately $166,906,000. Teacher Retirement System of Texas acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $86,699,000. Manning & Napier Advisors LLC raised its stake in shares of EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider's stock valued at $155,323,000 after purchasing an additional 217,960 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of EPAM Systems by 1,813.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 142,742 shares of the information technology services provider's stock worth $33,376,000 after purchasing an additional 135,283 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

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

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EPAM Systems Stock Performance

Shares of NYSE EPAM traded down $2.10 during midday trading on Monday, reaching $142.57. 522,977 shares of the company traded hands, compared to its average volume of 680,122. The stock has a 50-day moving average price of $213.08 and a 200 day moving average price of $219.32. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a 52 week low of $139.04 and a 52 week high of $275.49.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Transactions at EPAM Systems

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

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.