EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Jump Financial LLC

Jump Financial LLC raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,080 shares of the information technology services provider's stock after buying an additional 3,451 shares during the period. Jump Financial LLC's holdings in EPAM Systems were worth $3,760,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Aurora Investment Counsel boosted its holdings in EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after acquiring an additional 45 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of EPAM Systems by 0.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock valued at $3,655,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after buying an additional 60 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its holdings in EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock valued at $343,000 after buying an additional 69 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded up $1.52 on Tuesday, hitting $147.13. 49,958 shares of the company were exchanged, compared to its average volume of 697,134. The firm has a market capitalization of $8.40 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. 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, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The stock's 50 day moving average price is $184.79 and its 200 day moving average price is $214.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly 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). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. Sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on EPAM shares. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank decreased their price objective on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, February 24th. Morgan Stanley boosted their price target 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. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Piper Sandler cut EPAM Systems from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $251.00 to $170.00 in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.93.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems 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 completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company's stock.

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.