TD Asset Management Inc. Has $124.76 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

TD Asset Management Inc. grew its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 533,571 shares of the information technology services provider's stock after purchasing an additional 47,659 shares during the period. TD Asset Management Inc. owned about 0.94% of EPAM Systems worth $124,760,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Quest Partners LLC grew its stake in shares of EPAM Systems by 36.7% in the 3rd quarter. Quest Partners LLC now owns 645 shares of the information technology services provider's stock valued at $128,000 after buying an additional 173 shares in the last quarter. Pathstone Holdings LLC grew its position in EPAM Systems by 32.6% in the third quarter. Pathstone Holdings LLC now owns 14,249 shares of the information technology services provider's stock worth $2,836,000 after acquiring an additional 3,507 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of EPAM Systems during the 3rd quarter worth $291,000. Commerce Bank raised its holdings in shares of EPAM Systems by 3.3% during the 3rd quarter. Commerce Bank now owns 3,381 shares of the information technology services provider's stock valued at $673,000 after purchasing an additional 109 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock valued at $102,570,000 after purchasing an additional 160,989 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPAM has been the topic of several recent research reports. Jefferies Financial Group cut their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Morgan Stanley lifted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Scotiabank decreased their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, February 24th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Seven 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 company has a consensus rating of "Moderate Buy" and an average target price of $262.47.

EPAM Systems Stock Down 3.2 %

EPAM stock traded down $5.51 during mid-day trading on Friday, hitting $168.72. 634,017 shares of the company were exchanged, compared to its average volume of 670,271. The firm has a market cap of $9.60 billion, a P/E ratio of 21.52, a P/E/G ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 1-year low of $167.00 and a 1-year high of $277.04. 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 firm's 50 day simple moving average is $220.95 and its 200 day simple moving average is $220.62.

EPAM Systems (NYSE:EPAM - Get Free Report) last released 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). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by company insiders.

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.