EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 415.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,284 shares of the information technology services provider’s stock after purchasing an additional 1,841 shares during the quarter. Advisory Services Network LLC’s holdings in EPAM Systems were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of EPAM Systems by 2,483.7% during the 4th quarter. Renaissance Technologies LLC now owns 222,200 shares of the information technology services provider’s stock worth $51,955,000 after purchasing an additional 213,600 shares in the last quarter. Bank of Nova Scotia boosted its position in EPAM Systems by 325.4% during the fourth quarter. Bank of Nova Scotia now owns 31,214 shares of the information technology services provider’s stock worth $7,298,000 after purchasing an additional 23,876 shares in the last quarter. Cerity Partners LLC grew its holdings in EPAM Systems by 21.5% in the fourth quarter. Cerity Partners LLC now owns 55,352 shares of the information technology services provider’s stock valued at $12,855,000 after purchasing an additional 9,778 shares during the last quarter. Federated Hermes Inc. increased its position in shares of EPAM Systems by 53.5% in the fourth quarter. Federated Hermes Inc. now owns 4,205 shares of the information technology services provider’s stock valued at $983,000 after buying an additional 1,465 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of EPAM Systems during the 4th quarter worth $1,754,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $151.56 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The firm’s 50-day simple moving average is $194.04 and its 200-day simple moving average is $215.97. The firm has a market cap of $8.65 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on EPAM shares. Barclays lowered 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. Morgan Stanley increased their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Scotiabank lowered their price target 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. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group lowered their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.80.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

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.