Headlands Technologies LLC Purchases 981 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Headlands Technologies LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 91.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,052 shares of the information technology services provider’s stock after buying an additional 981 shares during the period. Headlands Technologies LLC’s holdings in EPAM Systems were worth $610,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Natixis Advisors L.P. boosted its holdings in shares of EPAM Systems by 5.1% during the 3rd quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock worth $7,210,000 after buying an additional 1,370 shares during the period. Lone Pine Capital LLC raised its stake in EPAM Systems by 9.2% during the 3rd quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock valued at $269,556,000 after purchasing an additional 88,641 shares during the last quarter. TD Asset Management Inc raised its stake in EPAM Systems by 2.5% during the 3rd quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider’s stock valued at $16,127,000 after purchasing an additional 1,558 shares during the last quarter. Flossbach Von Storch AG raised its stake in EPAM Systems by 46.7% during the 4th quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock valued at $3,271,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in EPAM Systems during the 3rd quarter valued at $13,402,000. 91.58% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of EPAM Systems from $340.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Guggenheim initiated coverage on shares of EPAM Systems in a research report on Tuesday, March 19th. They set a “buy” rating and a $350.00 target price for the company. Barclays decreased their price objective on shares of EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a report on Friday. Susquehanna increased their price objective on shares of EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Finally, Stifel Nicolaus increased their price objective on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.93.

EPAM Systems Stock Up 0.3 %

Shares of NYSE EPAM traded up $0.62 during midday trading on Friday, reaching $237.75. The company’s stock had a trading volume of 553,465 shares, compared to its average volume of 418,045. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $317.50. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $282.43 and a 200-day simple moving average of $273.43. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 10.35 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $2.71 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Equities research analysts predict that EPAM Systems, Inc. will post 7.72 earnings per share for the current year.

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.