Louisiana State Employees Retirement System Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

Louisiana State Employees Retirement System acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,500 shares of the information technology services provider’s stock, valued at approximately $1,041,000.

Several other institutional investors and hedge funds have also modified their holdings of EPAM. Vanguard Group Inc. increased its stake in shares of EPAM Systems by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,791,017 shares of the information technology services provider’s stock valued at $1,736,395,000 after purchasing an additional 19,130 shares in the last quarter. Lone Pine Capital LLC increased its stake 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 purchasing an additional 88,641 shares in the last quarter. Northern Trust Corp increased its stake in shares of EPAM Systems by 6.2% in the 3rd quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider’s stock valued at $183,243,000 after purchasing an additional 42,077 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of EPAM Systems by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 398,400 shares of the information technology services provider’s stock valued at $101,867,000 after purchasing an additional 4,888 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of EPAM Systems by 11.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 385,135 shares of the information technology services provider’s stock valued at $98,475,000 after purchasing an additional 40,343 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s 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 owns 12,117 shares of the company’s stock, valued at $3,707,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the company’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 sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock worth $5,101,117 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

EPAM Systems Trading Down 1.2 %

EPAM opened at $244.84 on Thursday. EPAM Systems, Inc. has a one year low of $197.99 and a one year high of $317.50. The stock has a market capitalization of $14.20 billion, a PE ratio of 34.65, a P/E/G ratio of 10.77 and a beta of 1.43. The business’s 50 day moving average price is $284.37 and its 200 day moving average price is $273.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79.

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, topping analysts’ consensus estimates of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned $2.71 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts expect that EPAM Systems, Inc. will post 7.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $265.00 to $350.00 in a research note on Friday, February 16th. Mizuho boosted their price objective on EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Wedbush reiterated an “outperform” rating and set a $340.00 price objective on shares of EPAM Systems in a research note on Wednesday, April 10th. Guggenheim started coverage on EPAM Systems in a research note on Tuesday, March 19th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Needham & Company LLC boosted their price objective on EPAM Systems from $295.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $328.00.

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.