EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 96.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 818,881 shares of the information technology services provider's stock after buying an additional 401,355 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.44% of EPAM Systems worth $191,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 54 shares in the last quarter. TD Private Client Wealth LLC boosted its position in EPAM Systems by 88.5% during the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc purchased a new stake in EPAM Systems during the fourth quarter worth $35,000. Manchester Capital Management LLC grew its holdings in EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of EPAM Systems in the fourth quarter valued at $49,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EPAM shares. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. StockNews.com upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Barclays cut their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Scotiabank lowered their target price on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. Finally, Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $257.31.

EPAM Systems Trading Up 11.1 %

Shares of NYSE EPAM traded up $15.90 on Wednesday, reaching $159.23. 1,483,812 shares of the company traded hands, compared to its average volume of 690,322. The stock has a market capitalization of $9.09 billion, a PE ratio of 20.31, a P/E/G ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $271.61. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $202.78 and a 200 day moving average of $217.36.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.