EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,599 shares of the information technology services provider's stock after buying an additional 9,322 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of EPAM Systems worth $21,595,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 worth $27,000 after acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC raised its position in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc acquired a new position in EPAM Systems during the fourth quarter worth $35,000. Manchester Capital Management LLC boosted its position in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after buying an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

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Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm's 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 directly owns 23,382 shares of the company's stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EPAM shares. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Barclays decreased their price target on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Jefferies Financial Group decreased their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and upped their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $262.47.

EPAM Systems Price Performance

EPAM stock traded down $11.22 during midday trading on Thursday, hitting $157.84. 477,145 shares of the stock were exchanged, compared to its average volume of 671,675. The stock's 50-day moving average price is $217.03 and its 200-day moving average price is $219.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a fifty-two week low of $152.82 and a fifty-two week high of $275.49.

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

About EPAM Systems

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.