Schroder Investment Management Group Increases Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Schroder Investment Management Group grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 309,177 shares of the information technology services provider's stock after buying an additional 40,361 shares during the quarter. Schroder Investment Management Group owned 0.55% of EPAM Systems worth $72,558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPAM. EverSource Wealth Advisors LLC lifted its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of 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 acquiring an additional 69 shares during the period. Versant Capital Management Inc bought a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC boosted its holdings in shares of 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 period. Finally, Continuum Advisory LLC grew its stake in 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 worth $53,000 after purchasing an additional 262 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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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 on 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 in the company, 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 is accessible through the SEC website. 4.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EPAM has been the subject of several research reports. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and upped their target price for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Morgan Stanley increased their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Barclays dropped their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, 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. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $262.47.

EPAM Systems Price Performance

NYSE EPAM traded up $1.63 during trading hours on Wednesday, reaching $169.16. The company's stock had a trading volume of 540,291 shares, compared to its average volume of 672,338. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 1-year low of $162.74 and a 1-year high of $275.49. The company's 50-day moving average is $217.03 and its two-hundred day moving average is $219.91. 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 (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 during the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS 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.