Illinois Municipal Retirement Fund Has $8.55 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Illinois Municipal Retirement Fund lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,566 shares of the information technology services provider's stock after purchasing an additional 3,184 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of EPAM Systems worth $8,550,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EPAM. Versant Capital Management Inc acquired a new position in EPAM Systems in the 4th quarter valued at about $35,000. Farther Finance Advisors LLC grew its stake in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in EPAM Systems in the 3rd quarter valued at about $44,000. Manchester Capital Management LLC grew its stake in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after buying an additional 177 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in EPAM Systems in the 3rd quarter valued at about $52,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded down $2.29 on Friday, reaching $206.02. 1,406,839 shares of the stock were exchanged, compared to its average volume of 665,868. The firm's 50 day moving average is $240.81 and its 200-day moving average is $222.51. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The firm has a market cap of $11.69 billion, a PE ratio of 26.28, a P/E/G ratio of 3.38 and a beta of 1.51.

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). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock worth $2,129,924 in the last three months. 4.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EPAM. Jefferies Financial Group decreased their price target 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. Itau BBA Securities upgraded shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday, November 8th. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Scotiabank cut their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, February 24th. Finally, 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 report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $268.44.

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.