Capital International Sarl Buys 1,238 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Capital International Sarl boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,215 shares of the information technology services provider’s stock after acquiring an additional 1,238 shares during the period. Capital International Sarl’s holdings in EPAM Systems were worth $4,259,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC purchased a new stake in EPAM Systems in the 4th quarter worth about $415,000. CANADA LIFE ASSURANCE Co increased its stake 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 worth $7,866,000 after purchasing an additional 600 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake 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 valued at $4,957,000 after buying an additional 5,300 shares in the last quarter. Farringdon Capital Ltd. bought a new position in EPAM Systems in the 4th quarter worth approximately $220,000. Finally, Marshall Wace LLP grew its stake in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after buying an additional 429,644 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

Shares of EPAM Systems stock opened at $146.80 on Friday. The business’s 50-day moving average price is $187.18 and its 200-day moving average price is $214.80. The firm has a market capitalization of $8.38 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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 (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 the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on EPAM. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank cut their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Barclays lowered their price target on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.93.

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.