Intech Investment Management LLC Takes $484,000 Position in EPAM Systems, Inc. (NYSE:EPAM)

Intech Investment Management LLC bought a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,070 shares of the information technology services provider's stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EPAM. William Blair Investment Management LLC acquired a new stake in EPAM Systems during the fourth quarter worth approximately $166,906,000. Cibc World Markets Corp raised its stake in EPAM Systems by 14.2% during the 4th quarter. Cibc World Markets Corp now owns 8,938 shares of the information technology services provider's stock worth $2,090,000 after acquiring an additional 1,111 shares in the last quarter. Choate Investment Advisors purchased a new stake in EPAM Systems in the fourth quarter valued at $244,000. Globeflex Capital L P acquired a new position in EPAM Systems in the fourth quarter valued at $3,718,000. Finally, Aurora Investment Counsel grew its holdings in shares of EPAM Systems by 0.7% during the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after purchasing an additional 45 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EPAM. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group cut their target price 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. Needham & Company LLC reiterated 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 shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley increased their target price 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. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $262.47.

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EPAM Systems Trading Down 1.6 %

Shares of EPAM traded down $2.85 during trading hours on Thursday, hitting $174.08. The stock had a trading volume of 495,186 shares, compared to its average volume of 650,462. The company's fifty day simple moving average is $222.15 and its 200 day simple moving average is $220.78. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $281.62. 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 $9.90 billion, a P/E ratio of 22.20, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS 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 during the quarter, compared to analysts' expectations of $1.21 billion. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction dated 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 in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

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.