Hosking Partners LLP Has $4.92 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Hosking Partners LLP lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,043 shares of the information technology services provider’s stock after selling 57 shares during the quarter. Hosking Partners LLP’s holdings in EPAM Systems were worth $4,920,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geneva Capital Management LLC lifted its holdings in shares of EPAM Systems by 6.0% during the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock worth $14,187,000 after purchasing an additional 4,027 shares during the period. Centre Asset Management LLC bought a new position in EPAM Systems during the fourth quarter worth $8,757,000. Oppenheimer Asset Management Inc. bought a new stake in EPAM Systems during the third quarter valued at $8,195,000. Oliver Luxxe Assets LLC acquired a new stake in EPAM Systems during the 4th quarter worth about $1,889,000. Finally, Victory Capital Management Inc. raised its position in shares of EPAM Systems by 247.6% in the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after acquiring an additional 51,603 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $208.87 on Friday. The company’s 50 day moving average price is $240.81 and its two-hundred day moving average price is $222.51. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock has a market cap of $11.85 billion, a P/E ratio of 26.64, a P/E/G ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, November 8th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Mizuho upped their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler increased their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $268.44.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is currently owned by insiders.

About EPAM Systems

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.