O Shaughnessy Asset Management LLC Takes $1.38 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

O Shaughnessy Asset Management LLC purchased 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 SEC. The fund purchased 5,910 shares of the information technology services provider's stock, valued at approximately $1,382,000.

Other large investors have also modified their holdings of the company. Public Sector Pension Investment Board raised its stake in shares of EPAM Systems by 4.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider's stock worth $463,000 after acquiring an additional 100 shares in the last quarter. Captrust Financial Advisors grew its position in EPAM Systems by 70.5% during the 3rd quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider's stock worth $1,329,000 after purchasing an additional 2,760 shares during the last quarter. HighTower Advisors LLC grew its position in EPAM Systems by 10.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider's stock worth $3,684,000 after purchasing an additional 1,753 shares during the last quarter. Janus Henderson Group PLC grew its position in EPAM Systems by 1.3% during the 3rd quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider's stock worth $1,337,000 after purchasing an additional 85 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its position in EPAM Systems by 46.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider's stock worth $376,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

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EPAM Systems Price Performance

EPAM stock traded down $12.01 during midday trading on Thursday, reaching $146.99. The stock had a trading volume of 130,654 shares, compared to its average volume of 688,175. The company's fifty day simple moving average is $202.78 and its 200 day simple moving average is $217.36. 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 market cap of $8.39 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $271.61.

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 (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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on EPAM. StockNews.com raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Barclays cut their price target on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Morgan Stanley boosted their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Scotiabank dropped 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, Needham & Company LLC restated a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $257.31.

Insiders Place Their Bets

In related 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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company's stock.

EPAM Systems Company 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.