Keystone Investors PTE Ltd. acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,086 shares of the information technology services provider's stock, valued at approximately $1,423,000.
Other hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems during the fourth quarter worth approximately $166,906,000. Teacher Retirement System of Texas acquired a new position in EPAM Systems during the 4th quarter valued at $86,699,000. Massachusetts Financial Services Co. MA boosted its holdings in EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock valued at $83,100,000 after purchasing an additional 361,363 shares during the period. Manning & Napier Advisors LLC grew its position in EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider's stock worth $155,323,000 after purchasing an additional 217,960 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of EPAM Systems by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock worth $102,570,000 after purchasing an additional 160,989 shares during the period. Institutional investors own 91.58% of the company's stock.
EPAM Systems Price Performance
NYSE EPAM traded down $5.51 during trading hours on Friday, reaching $168.72. 634,017 shares of the company's stock were exchanged, compared to its average volume of 670,271. The firm has a fifty day moving average of $220.95 and a 200-day moving average of $220.62. 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 one year low of $167.00 and a one year high of $277.04. The stock has a market cap of $9.60 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.
EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on EPAM. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank cut their target price on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $262.47.
View Our Latest Analysis on EPAM Systems
Insider Transactions at EPAM Systems
In other news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is owned by company insiders.
EPAM Systems Profile
(
Free Report)
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.
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