Winslow Evans & Crocker Inc. lifted its holdings in EPAM Systems Inc (NYSE:EPAM) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,676 shares of the information technology services provider’s stock after acquiring an additional 46 shares during the period. Winslow Evans & Crocker Inc.’s holdings in EPAM Systems were worth $356,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in EPAM Systems by 1.3% during the second quarter. Vanguard Group Inc. now owns 4,743,727 shares of the information technology services provider’s stock worth $821,140,000 after buying an additional 59,165 shares during the period. BlackRock Inc. lifted its holdings in shares of EPAM Systems by 24.4% in the 2nd quarter. BlackRock Inc. now owns 2,857,844 shares of the information technology services provider’s stock worth $494,692,000 after acquiring an additional 560,378 shares during the last quarter. Invesco Ltd. boosted its stake in shares of EPAM Systems by 68.6% during the 2nd quarter. Invesco Ltd. now owns 2,337,667 shares of the information technology services provider’s stock worth $404,650,000 after purchasing an additional 950,958 shares during the period. State Street Corp boosted its stake in shares of EPAM Systems by 0.6% during the 3rd quarter. State Street Corp now owns 1,084,205 shares of the information technology services provider’s stock worth $197,672,000 after purchasing an additional 5,958 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of EPAM Systems by 419.6% during the 2nd quarter. AQR Capital Management LLC now owns 523,106 shares of the information technology services provider’s stock worth $90,027,000 after purchasing an additional 422,425 shares during the period. 89.86% of the stock is owned by hedge funds and other institutional investors.
EPAM stock opened at $227.17 on Wednesday. EPAM Systems Inc has a 12 month low of $130.10 and a 12 month high of $229.93. The firm’s 50-day moving average is $213.31 and its 200 day moving average is $194.32. The company has a market capitalization of $12.57 billion, a PE ratio of 58.10, a P/E/G ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.38 and a quick ratio of 4.38.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, November 7th. The information technology services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $588.10 million during the quarter, compared to analysts’ expectations of $579.82 million. EPAM Systems had a net margin of 11.38% and a return on equity of 18.44%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. Sell-side analysts forecast that EPAM Systems Inc will post 4.43 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of EPAM Systems from $212.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Barclays assumed coverage on EPAM Systems in a research report on Friday, September 20th. They set an “overweight” rating and a $214.00 target price for the company. Cowen restated an “outperform” rating and set a $225.00 target price (up previously from $215.00) on shares of EPAM Systems in a research report on Friday, November 22nd. ValuEngine cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC increased their price target on EPAM Systems from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $215.50.
In related news, SVP Lawrence F. Solomon sold 7,962 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $197.67, for a total value of $1,573,848.54. Following the completion of the sale, the senior vice president now directly owns 15,999 shares of the company’s stock, valued at $3,162,522.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 2,800 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $197.60, for a total transaction of $553,280.00. Following the completion of the sale, the chief financial officer now directly owns 14,804 shares of the company’s stock, valued at $2,925,270.40. The disclosure for this sale can be found here. In the last three months, insiders sold 59,942 shares of company stock worth $12,260,151. 5.40% of the stock is owned by insiders.
EPAM Systems Company Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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