Harvest Fund Management Co. Ltd Invests $475,000 in EPAM Systems, Inc. (NYSE:EPAM)

Harvest Fund Management Co. Ltd acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,035 shares of the information technology services provider's stock, valued at approximately $475,000.

A number of other hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC raised its holdings in shares of EPAM Systems by 4.1% in the third quarter. OneDigital Investment Advisors LLC now owns 1,931 shares of the information technology services provider's stock worth $384,000 after buying an additional 76 shares during the period. Natixis Advisors LLC increased its stake in EPAM Systems by 14.1% in the third quarter. Natixis Advisors LLC now owns 25,627 shares of the information technology services provider's stock worth $5,101,000 after purchasing an additional 3,167 shares during the period. Quest Partners LLC lifted its position in shares of EPAM Systems by 36.7% during the third quarter. Quest Partners LLC now owns 645 shares of the information technology services provider's stock worth $128,000 after purchasing an additional 173 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of EPAM Systems by 32.6% during the third quarter. Pathstone Holdings LLC now owns 14,249 shares of the information technology services provider's stock valued at $2,836,000 after purchasing an additional 3,507 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of EPAM Systems in the third quarter worth about $291,000. Institutional investors own 91.58% of the company's stock.

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Insider Buying and Selling at EPAM Systems

In related 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 value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company's stock.

EPAM Systems Stock Down 1.2 %

NYSE EPAM traded down $2.15 during trading on Wednesday, hitting $176.84. The company's stock had a trading volume of 391,117 shares, compared to its average volume of 698,414. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $281.62. The company has a market cap of $10.06 billion, a PE ratio of 22.56, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The business's 50 day simple moving average is $224.30 and its 200-day simple moving average is $221.42.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank reduced their price objective on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Finally, Barclays cut their price target on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $262.47.

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.