Ensign Peak Advisors Inc Increases Stake in EPAM Systems Inc (NYSE:EPAM)

Ensign Peak Advisors Inc boosted its stake in EPAM Systems Inc (NYSE:EPAM) by 163.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 522,399 shares of the information technology services provider’s stock after purchasing an additional 324,067 shares during the quarter. Ensign Peak Advisors Inc owned about 0.94% of EPAM Systems worth $96,987,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in EPAM Systems by 33.2% during the fourth quarter. Bank of New York Mellon Corp now owns 335,599 shares of the information technology services provider’s stock valued at $71,201,000 after buying an additional 83,625 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in EPAM Systems during the 4th quarter worth $5,403,000. Atria Investments LLC boosted its position in EPAM Systems by 60.9% during the 4th quarter. Atria Investments LLC now owns 3,158 shares of the information technology services provider’s stock worth $670,000 after purchasing an additional 1,195 shares during the period. Capital Impact Advisors LLC increased its holdings in EPAM Systems by 8.9% in the 4th quarter. Capital Impact Advisors LLC now owns 10,484 shares of the information technology services provider’s stock valued at $2,224,000 after purchasing an additional 860 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its position in EPAM Systems by 15.8% in the fourth quarter. Chartwell Investment Partners LLC now owns 7,517 shares of the information technology services provider’s stock valued at $1,595,000 after purchasing an additional 1,025 shares during the period. 92.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE EPAM traded up $0.87 during trading on Tuesday, reaching $224.32. The stock had a trading volume of 100,922 shares, compared to its average volume of 344,030. EPAM Systems Inc has a one year low of $151.97 and a one year high of $248.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market cap of $12.50 billion, a PE ratio of 45.55, a P/E/G ratio of 2.93 and a beta of 1.32. The firm’s 50 day moving average price is $208.39 and its two-hundred day moving average price is $211.06.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. EPAM Systems had a net margin of 11.79% and a return on equity of 18.45%. The firm had revenue of $651.36 million during the quarter, compared to the consensus estimate of $650.01 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The firm’s revenue was up 24.9% on a year-over-year basis. On average, research analysts expect that EPAM Systems Inc will post 4.48 earnings per share for the current year.

EPAM has been the topic of several analyst reports. Needham & Company LLC raised their target price on EPAM Systems from $200.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup lifted their price objective on shares of EPAM Systems from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Susquehanna Bancshares downgraded shares of EPAM Systems from a “positive” rating to a “neutral” rating and decreased their target price for the company from $274.00 to $230.00 in a research note on Friday, April 24th. VTB Capital raised shares of EPAM Systems from a “sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Thursday, March 26th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $243.25.

In other EPAM Systems news, CFO Jason D. Peterson sold 2,210 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $225.00, for a total value of $497,250.00. Following the sale, the chief financial officer now directly owns 12,051 shares in the company, valued at $2,711,475. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Balazs Fejes sold 19,600 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $207.73, for a total transaction of $4,071,508.00. Following the transaction, the executive vice president now directly owns 32,092 shares of the company’s stock, valued at approximately $6,666,471.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,687 shares of company stock worth $8,564,301. 5.40% of the stock is owned by company insiders.

EPAM Systems Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily 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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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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