Ilmarinen Mutual Pension Insurance Co Acquires New Shares in EPAM Systems, Inc. (NYSE:EPAM)

Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,500 shares of the information technology services provider's stock, valued at approximately $1,754,000.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in EPAM Systems by 25.1% in the fourth quarter. Russell Investments Group Ltd. now owns 190,558 shares of the information technology services provider's stock worth $44,558,000 after purchasing an additional 38,279 shares during the period. Aviva PLC boosted its holdings in shares of EPAM Systems by 47.5% in the 4th quarter. Aviva PLC now owns 36,782 shares of the information technology services provider's stock valued at $8,600,000 after buying an additional 11,849 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of EPAM Systems during the 4th quarter valued at about $173,000. Resona Asset Management Co. Ltd. acquired a new stake in EPAM Systems during the fourth quarter worth about $3,866,000. Finally, Integrated Quantitative Investments LLC bought a new position in EPAM Systems in the fourth quarter worth about $400,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is currently owned by company insiders.

Remove Ads

Analyst Ratings Changes

A number of analysts have recently weighed in on EPAM shares. Scotiabank dropped their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th. Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Finally, Jefferies Financial Group dropped 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 report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus target price of $251.80.

EPAM Systems Stock Down 0.2 %

NYSE:EPAM traded down $0.24 during trading hours on Friday, hitting $146.05. 158,857 shares of the stock traded hands, compared to its average volume of 689,869. The firm has a 50 day moving average price of $200.57 and a 200 day moving average price of $216.98. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.55. The company has a current ratio of 2.96, 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 quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (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 business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems 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.