IFM Investors Pty Ltd Raises Stake in EPAM Systems, Inc. (NYSE:EPAM)

IFM Investors Pty Ltd boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 1.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,833 shares of the information technology services provider’s stock after buying an additional 126 shares during the period. IFM Investors Pty Ltd’s holdings in EPAM Systems were worth $3,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new position in shares of EPAM Systems in the 4th quarter valued at $25,000. Riverview Trust Co purchased a new stake in EPAM Systems during the 1st quarter worth $29,000. VisionPoint Advisory Group LLC lifted its stake in shares of EPAM Systems by 103.0% in the third 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 in the last quarter. Lindbrook Capital LLC boosted 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 last quarter. Finally, Principal Securities Inc. acquired a new position in EPAM Systems during the 4th quarter worth $43,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Up 0.3 %

NYSE EPAM traded up $0.62 on Friday, hitting $237.75. 553,465 shares of the company were exchanged, compared to its average volume of 418,045. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50. The firm has a market capitalization of $13.79 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 10.35 and a beta of 1.43. The company’s 50 day moving average price is $282.43 and its 200-day moving average price is $273.43.

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

Analysts Set New Price Targets

EPAM has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $295.00 target price on shares of EPAM Systems in a research report on Thursday, January 11th. Barclays dropped their target price on shares of EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price target on shares of EPAM Systems in a report on Wednesday, April 10th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $265.00 to $350.00 in a research note on Friday, February 16th. Finally, Stifel Nicolaus raised their target price on EPAM Systems from $288.00 to $301.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.93.

Insider Buying and Selling

In related news, EVP Balazs Fejes sold 3,470 shares of the firm’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 value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the sale, the senior vice president now owns 12,117 shares of the company’s stock, valued at $3,707,802. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. Over the last ninety days, insiders 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.