Vinva Investment Management Ltd Takes $1.89 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Vinva Investment Management Ltd purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,032 shares of the information technology services provider's stock, valued at approximately $1,885,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in EPAM Systems during the fourth quarter valued at $484,000. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems during the fourth quarter worth approximately $166,906,000. Cibc World Markets Corp lifted its holdings in shares of EPAM Systems by 14.2% in the 4th quarter. Cibc World Markets Corp now owns 8,938 shares of the information technology services provider's stock worth $2,090,000 after purchasing an additional 1,111 shares in the last quarter. Choate Investment Advisors bought a new position in shares of EPAM Systems in the 4th quarter worth $244,000. Finally, Globeflex Capital L P acquired a new stake in EPAM Systems in the 4th quarter valued at $3,718,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems 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 completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.30% of the company's stock.

Remove Ads

EPAM Systems Stock Performance

EPAM Systems stock traded up $0.81 during trading on Tuesday, hitting $179.12. The stock had a trading volume of 499,681 shares, compared to its average volume of 652,132. The stock's 50 day moving average is $225.24 and its two-hundred day moving average is $221.60. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $281.62. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

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 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 firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

EPAM has been the topic of a number of recent research reports. Scotiabank dropped their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 24th. Barclays dropped their price target on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Jefferies Financial Group decreased their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $262.47.

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.