Keystone Investors PTE Ltd. acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,086 shares of the information technology services provider's stock, valued at approximately $1,423,000.
Several other large investors have also recently added to or reduced their stakes in the business. Quest Partners LLC boosted its stake in shares of EPAM Systems by 36.7% in the 3rd quarter. Quest Partners LLC now owns 645 shares of the information technology services provider's stock valued at $128,000 after buying an additional 173 shares during the period. Pathstone Holdings LLC lifted its stake in EPAM Systems by 32.6% in the third quarter. Pathstone Holdings LLC now owns 14,249 shares of the information technology services provider's stock worth $2,836,000 after acquiring an additional 3,507 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in EPAM Systems during the 3rd quarter worth approximately $291,000. PNC Financial Services Group Inc. increased its position in shares of EPAM Systems by 10.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 15,448 shares of the information technology services provider's stock valued at $3,075,000 after purchasing an additional 1,414 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of EPAM Systems by 3.3% in the 3rd quarter. Commerce Bank now owns 3,381 shares of the information technology services provider's stock valued at $673,000 after purchasing an additional 109 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company's stock.
EPAM Systems Stock Performance
NYSE:EPAM traded down $2.85 during midday trading on Thursday, reaching $174.08. The stock had a trading volume of 495,179 shares, compared to its average volume of 650,171. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock 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. The firm has a fifty day simple moving average of $223.26 and a two-hundred day simple moving average of $221.11. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $281.62.
EPAM Systems (NYSE:EPAM - Get Free Report) last issued 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 analysts' expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on EPAM. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Scotiabank decreased 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. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and upped their target price for the company from $235.00 to $295.00 in a report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and an average target price of $262.47.
Check Out Our Latest Research Report on EPAM Systems
About EPAM Systems
(
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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