MetLife Investment Management LLC Increases Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

MetLife Investment Management LLC lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,125 shares of the information technology services provider’s stock after purchasing an additional 188 shares during the period. MetLife Investment Management LLC’s holdings in EPAM Systems were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EPAM. EverSource Wealth Advisors LLC raised its position in EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the fourth quarter valued at about $35,000. Manchester Capital Management LLC boosted its holdings in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after buying an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in EPAM Systems during the fourth quarter worth about $49,000. 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 EPAM Systems stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by company insiders.

EPAM Systems Stock Performance

Shares of EPAM opened at $159.20 on Friday. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $175.93 and its two-hundred day moving average is $213.32. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems (NYSE:EPAM) last announced 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). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on EPAM. Morgan Stanley lifted their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Jefferies Financial Group lowered their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Piper Sandler lowered EPAM Systems from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $251.00 to $170.00 in a research note on Wednesday, April 16th. Susquehanna dropped their price target on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Barclays cut their price objective on EPAM Systems from $270.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $235.56.

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.