Flossbach Von Storch AG Has $3.27 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Flossbach Von Storch AG grew its stake in EPAM Systems, Inc. (NYSE:EPAM) by 46.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,000 shares of the information technology services provider’s stock after purchasing an additional 3,500 shares during the quarter. Flossbach Von Storch AG’s holdings in EPAM Systems were worth $3,271,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Natixis Advisors L.P. grew its holdings in shares of EPAM Systems by 5.1% in the 3rd quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock valued at $7,210,000 after acquiring an additional 1,370 shares in the last quarter. Lone Pine Capital LLC grew its holdings in shares of EPAM Systems by 9.2% in the 3rd quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock valued at $269,556,000 after acquiring an additional 88,641 shares in the last quarter. TD Asset Management Inc lifted its stake in EPAM Systems by 2.5% in the 3rd quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider’s stock valued at $16,127,000 after purchasing an additional 1,558 shares during the last quarter. Wellington Management Group LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at about $13,402,000. Finally, Assenagon Asset Management S.A. lifted its stake in EPAM Systems by 131.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 78,156 shares of the information technology services provider’s stock valued at $23,239,000 after purchasing an additional 44,388 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In other 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 transaction of $1,637,100.00. Following the transaction, the senior vice president now 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. In other news, EVP Balazs Fejes sold 3,470 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at $3,707,802. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock worth $5,101,117 over the last quarter. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Stifel Nicolaus lifted their price target on shares of EPAM Systems from $288.00 to $301.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Morgan Stanley dropped their price target on shares of EPAM Systems from $250.00 to $236.00 and set an “underweight” rating for the company in a research report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and issued a $340.00 price target on shares of EPAM Systems in a research report on Wednesday, April 10th. Finally, Barclays lifted their price target on shares of EPAM Systems from $305.00 to $315.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

EPAM Systems Trading Down 1.2 %

EPAM stock traded down $2.89 during midday trading on Thursday, hitting $246.11. The stock had a trading volume of 49,440 shares, compared to its average volume of 479,208. The firm has a market cap of $14.23 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 10.94 and a beta of 1.43. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $197.99 and a 1-year high of $317.50. The business has a fifty day moving average price of $287.35 and a two-hundred day moving average price of $273.57.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.24. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. EPAM Systems’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 earnings per share. On average, sell-side analysts predict that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal year.

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.