Duality Advisers LP Acquires 4,710 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Duality Advisers LP raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 237.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,693 shares of the information technology services provider’s stock after acquiring an additional 4,710 shares during the period. Duality Advisers LP’s holdings in EPAM Systems were worth $1,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EPAM. Vontobel Holding Ltd. boosted its stake in shares of EPAM Systems by 1.4% during the third quarter. Vontobel Holding Ltd. now owns 4,003 shares of the information technology services provider’s stock valued at $1,024,000 after purchasing an additional 55 shares during the period. CWM LLC lifted its stake in EPAM Systems by 10.1% in the third quarter. CWM LLC now owns 1,436 shares of the information technology services provider’s stock worth $367,000 after acquiring an additional 132 shares during the period. IFP Advisors Inc purchased a new stake in EPAM Systems in the third quarter worth $87,000. DnB Asset Management AS bought a new position in EPAM Systems in the third quarter worth $3,567,000. Finally, SG Americas Securities LLC raised its holdings in EPAM Systems by 1,270.9% in the third quarter. SG Americas Securities LLC now owns 13,846 shares of the information technology services provider’s stock worth $3,540,000 after purchasing an additional 12,836 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In related news, SVP Lawrence F. Solomon sold 5,350 shares of the business’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 completion of the transaction, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction on 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 of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The disclosure for this sale can be found here. Insiders sold a total of 16,820 shares of company stock worth $5,101,117 in the last 90 days. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on EPAM Systems from $315.00 to $334.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. HSBC dropped their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Mizuho lifted their price target on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Citigroup dropped their price target on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $328.00.

EPAM Systems Stock Performance

EPAM Systems stock opened at $247.20 on Tuesday. The company’s 50-day moving average price is $284.87 and its 200-day moving average price is $273.86. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50. The company has a market cap of $14.34 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 10.73 and a beta of 1.44. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

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

EPAM Systems Company 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.