EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 91.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052 shares of the information technology services provider’s stock after purchasing an additional 981 shares during the period. Headlands Technologies LLC’s holdings in EPAM Systems were worth $610,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. VisionPoint Advisory Group LLC grew its stake in EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Lindbrook Capital LLC grew its stake in shares of EPAM Systems by 123.3% during the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 90 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of EPAM Systems during the 3rd quarter valued at $45,000. NBC Securities Inc. purchased a new stake in shares of EPAM Systems during the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of EPAM Systems by 46.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 68 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.3 %

Shares of EPAM Systems stock traded up $0.62 during midday trading on Friday, reaching $237.75. 553,465 shares of the company’s stock traded hands, compared to its average volume of 418,045. The company’s 50 day simple moving average is $282.43 and its 200 day simple moving average is $273.43. EPAM Systems, Inc. has a 52 week low of $197.99 and a 52 week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 10.35 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $2.71 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. Equities analysts expect that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EPAM. Piper Sandler reissued an “overweight” rating and set a $369.00 price objective on shares of EPAM Systems in a research note on Monday, March 4th. HSBC decreased their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Needham & Company LLC upped their price target on shares of EPAM Systems from $295.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Guggenheim began coverage on shares of EPAM Systems in a research report on Tuesday, March 19th. They set a “buy” rating and a $350.00 price target for the company. Finally, Mizuho upped their price target on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.93.

Insider Activity

In other news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the transaction, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,820 shares of company stock worth $5,101,117. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems 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.