Inceptionr LLC Acquires Shares of 2,992 EPAM Systems, Inc. (NYSE:EPAM)

Inceptionr LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,992 shares of the information technology services provider's stock, valued at approximately $700,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in EPAM Systems during the fourth quarter worth approximately $35,000. Farther Finance Advisors LLC raised its holdings in EPAM Systems by 101.0% during 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 period. Capital Performance Advisors LLP bought a new stake in EPAM Systems in the third quarter worth $44,000. Manchester Capital Management LLC boosted its stake in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares during the period. Finally, Continuum Advisory LLC increased its position in EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 262 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 0.6 %

Shares of EPAM stock traded up $1.16 during mid-day trading on Tuesday, hitting $191.57. 704,450 shares of the stock traded hands, compared to its average volume of 681,185. The stock's fifty day moving average is $235.66 and its two-hundred day moving average is $222.89. 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 $169.43 and a 52-week high of $309.48. The stock has a market cap of $10.90 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.38 and a beta of 1.61.

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EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm 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%. Equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on EPAM shares. 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. Needham & Company LLC reissued a "buy" rating and set a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Barclays dropped their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Jefferies Financial Group cut their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $267.33.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares of the company's stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 in the last ninety days. Corporate insiders own 4.30% of the company's stock.

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.