Fielder Capital Group LLC Purchases New Position in EPAM Systems, Inc. (NYSE:EPAM)

Fielder Capital Group LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, HoldingsChannel reports. The firm purchased 708 shares of the information technology services provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of EPAM Systems in the 4th quarter worth about $25,000. VisionPoint Advisory Group LLC raised its position in EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 69 shares during the period. Lindbrook Capital LLC lifted its stake in EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 90 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of EPAM Systems during the third quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of EPAM Systems by 46.6% during the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 68 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 1.7 %

Shares of NYSE EPAM traded up $4.22 during mid-day trading on Monday, reaching $246.34. 414,612 shares of the company were exchanged, compared to its average volume of 496,735. EPAM Systems, Inc. has a 1 year low of $197.99 and a 1 year high of $317.50. The firm has a 50-day moving average of $274.43 and a 200 day moving average of $273.66. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 34.25, a P/E/G ratio of 10.58 and a beta of 1.46. 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 released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, beating the consensus estimate 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 posted $2.71 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts expect that EPAM Systems, Inc. will post 7.7 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, 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 value of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the transaction, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction dated 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 sale, the executive vice president now directly 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. Insiders sold a total of 16,820 shares of company stock worth $5,101,117 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley upgraded EPAM Systems from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $236.00 to $225.00 in a report on Friday, April 26th. Scotiabank reduced their price target on shares of EPAM Systems from $350.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 29th. HSBC lowered their price objective on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Stifel Nicolaus raised their target price on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Needham & Company LLC boosted their price target on EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average price target of $315.60.

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.