Mirabella Financial Services LLP Invests $725,000 in EPAM Systems, Inc. (NYSE:EPAM)

Mirabella Financial Services LLP bought a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,100 shares of the information technology services provider's stock, valued at approximately $725,000.

A number of other hedge funds have also recently modified their holdings of EPAM. American Century Companies Inc. boosted its stake in EPAM Systems by 35.8% during the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after purchasing an additional 5,435 shares during the period. Centre Asset Management LLC purchased a new position in shares of EPAM Systems during the fourth quarter worth about $8,757,000. Oliver Luxxe Assets LLC acquired a new position in EPAM Systems in the 4th quarter valued at about $1,889,000. DnB Asset Management AS raised its stake in EPAM Systems by 26.4% during the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after acquiring an additional 2,349 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of EPAM Systems in the 4th quarter valued at approximately $245,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Barclays lowered their target price on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday. StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Susquehanna lowered their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday. Finally, Guggenheim cut their target price on EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $235.56.

EPAM Systems Stock Performance

Shares of EPAM stock traded up $1.17 during trading hours on Friday, reaching $159.20. The stock had a trading volume of 440,732 shares, compared to its average volume of 696,348. The firm has a 50-day simple moving average of $177.96 and a 200-day simple moving average of $213.56. The firm has a market capitalization of $9.09 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted 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 the consensus estimate of $1.21 billion. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insider Buying and Selling

In related 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 value of $277,046.00. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.30% of the company's stock.

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.