EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 189.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,848 shares of the information technology services provider’s stock after acquiring an additional 10,373 shares during the period. Ieq Capital LLC’s holdings in EPAM Systems were worth $3,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC raised its stake in EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. raised its stake in EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after acquiring an additional 60 shares during the last quarter. Empirical Finance LLC raised its stake in EPAM Systems by 5.2% in the 3rd quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after acquiring an additional 67 shares during the last quarter. Finally, Covestor Ltd raised its stake in EPAM Systems by 16.4% in the 3rd quarter. Covestor Ltd now owns 490 shares of the information technology services provider’s stock worth $98,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EPAM shares. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Citigroup lifted their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, November 8th. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Mizuho lifted their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $269.83.

Insider Buying and Selling

In related news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,300 shares of company stock worth $2,129,924. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 7.2 %

EPAM stock opened at $208.98 on Friday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.38 and a beta of 1.51. The business’s 50-day moving average is $243.56 and its 200 day moving average is $222.34.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems 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.