Capital Group Investment Management PTE. LTD. Has $656,000 Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Capital Group Investment Management PTE. LTD. raised its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,804 shares of the information technology services provider’s stock after buying an additional 191 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in EPAM Systems were worth $656,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Capital International Sarl raised its stake in EPAM Systems by 7.3% in the 4th quarter. Capital International Sarl now owns 18,215 shares of the information technology services provider’s stock valued at $4,259,000 after acquiring an additional 1,238 shares during the period. Alpha DNA Investment Management LLC bought a new position in shares of EPAM Systems in the fourth quarter valued at about $415,000. CANADA LIFE ASSURANCE Co raised its position in shares of EPAM Systems by 1.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 33,683 shares of the information technology services provider’s stock valued at $7,866,000 after purchasing an additional 600 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of EPAM Systems by 33.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 21,200 shares of the information technology services provider’s stock worth $4,957,000 after buying an additional 5,300 shares during the period. Finally, Farringdon Capital Ltd. bought a new stake in shares of EPAM Systems during the 4th quarter worth about $220,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank cut their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, February 24th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Jefferies Financial Group lowered their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley boosted their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.93.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $146.80 on Friday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company’s 50 day simple moving average is $189.52 and its 200 day simple moving average is $215.14.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, research analysts predict that EPAM Systems, Inc. will post 8.9 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.