Fulcrum Equity Management decreased its position in EPAM Systems, Inc. (NYSE:EPAM) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,080 shares of the information technology services provider’s stock after selling 348 shares during the period. Fulcrum Equity Management’s holdings in EPAM Systems were worth $2,412,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of EPAM. Great West Life Assurance Co. Can boosted its holdings in EPAM Systems by 4,526.2% in the third quarter. Great West Life Assurance Co. Can now owns 1,138,312 shares of the information technology services provider’s stock valued at $716,000 after acquiring an additional 1,113,706 shares during the last quarter. Norges Bank acquired a new position in EPAM Systems in the fourth quarter valued at about $195,576,000. Alliancebernstein L.P. lifted its stake in EPAM Systems by 543.0% in the fourth quarter. Alliancebernstein L.P. now owns 250,382 shares of the information technology services provider’s stock valued at $89,724,000 after buying an additional 211,442 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in EPAM Systems by 220.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,872 shares of the information technology services provider’s stock valued at $107,817,000 after buying an additional 206,985 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in EPAM Systems by 51.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 530,694 shares of the information technology services provider’s stock valued at $190,174,000 after buying an additional 180,734 shares during the period. Institutional investors and hedge funds own 91.96% of the company’s stock.
EPAM has been the topic of several analyst reports. Citigroup increased their target price on EPAM Systems from $415.00 to $440.00 in a research note on Friday, February 19th. Piper Sandler increased their target price on EPAM Systems from $404.00 to $442.00 and gave the company an “overweight” rating in a research note on Friday, February 19th. Morgan Stanley increased their target price on EPAM Systems from $433.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Barclays raised their price target on EPAM Systems from $377.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, March 1st. Finally, VTB Capital raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, March 9th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $363.31.
Shares of NYSE EPAM traded up $6.50 during midday trading on Thursday, hitting $416.86. 1,557 shares of the company’s stock were exchanged, compared to its average volume of 288,127. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $183.51 and a 12 month high of $413.05. The company’s 50 day moving average price is $376.60 and its 200 day moving average price is $350.03. The firm has a market capitalization of $23.42 billion, a PE ratio of 75.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35.
EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, February 17th. The information technology services provider reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.37. EPAM Systems had a return on equity of 18.29% and a net margin of 12.31%. The company had revenue of $723.49 million during the quarter, compared to the consensus estimate of $702.22 million. On average, equities research analysts anticipate that EPAM Systems, Inc. will post 5.27 EPS for the current year.
In related news, SVP Boris Shnayder sold 1,250 shares of the business’s stock in a transaction on Friday, January 15th. The stock was sold at an average price of $347.05, for a total value of $433,812.50. Following the completion of the sale, the senior vice president now directly owns 6,303 shares in the company, valued at approximately $2,187,456.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sergey Yezhkov sold 3,500 shares of the business’s stock in a transaction on Wednesday, January 20th. The shares were sold at an average price of $360.53, for a total value of $1,261,855.00. Following the completion of the sale, the senior vice president now owns 11,211 shares of the company’s stock, valued at $4,041,901.83. The disclosure for this sale can be found here. Insiders have sold a total of 10,871 shares of company stock valued at $3,957,835 over the last quarter. 4.80% of the stock is currently owned by corporate insiders.
EPAM Systems Company Profile
EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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