Versor Investments LP Purchases 3,024 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Versor Investments LP lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,102 shares of the information technology services provider's stock after acquiring an additional 3,024 shares during the period. Versor Investments LP's holdings in EPAM Systems were worth $1,427,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in EPAM Systems by 100.8% in the third quarter. Creative Planning now owns 7,178 shares of the information technology services provider's stock worth $1,429,000 after acquiring an additional 3,604 shares during the last quarter. Raymond James & Associates boosted its position in EPAM Systems by 1,741.1% during the 3rd quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider's stock valued at $7,303,000 after purchasing an additional 34,701 shares during the period. International Assets Investment Management LLC bought a new position in EPAM Systems during the 3rd quarter worth $21,787,000. Mirae Asset Global Investments Co. Ltd. increased its position in EPAM Systems by 53.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,766 shares of the information technology services provider's stock worth $951,000 after buying an additional 1,662 shares during the period. Finally, Forsta AP Fonden lifted its stake in EPAM Systems by 10.2% in the third quarter. Forsta AP Fonden now owns 11,900 shares of the information technology services provider's stock valued at $2,368,000 after buying an additional 1,100 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EPAM. Mizuho increased their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Barclays raised EPAM Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a report on Friday, November 8th. Finally, StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $268.44.

Insider Activity at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason D. Peterson sold 464 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company's stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded down $7.38 on Monday, reaching $198.76. 1,001,654 shares of the company traded hands, compared to its average volume of 674,255. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The stock has a market capitalization of $11.27 billion, a PE ratio of 25.35, a P/E/G ratio of 3.38 and a beta of 1.51. The company's 50 day moving average is $239.96 and its 200-day moving average is $222.97. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.