AM Squared Ltd Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

AM Squared Ltd acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 900 shares of the information technology services provider’s stock, valued at approximately $269,000.

Several other large investors also recently made changes to their positions in the business. KB Financial Partners LLC bought a new stake in shares of EPAM Systems during the first quarter worth $224,000. National Wealth Management Group LLC bought a new position in EPAM Systems in the first quarter valued at about $208,000. Cim Investment Management Inc. boosted its holdings in EPAM Systems by 4.3% in the first quarter. Cim Investment Management Inc. now owns 1,557 shares of the information technology services provider’s stock valued at $466,000 after acquiring an additional 64 shares during the last quarter. Sora Investors LLC bought a new position in EPAM Systems in the first quarter valued at about $8,970,000. Finally, State Street Corp boosted its holdings in EPAM Systems by 2.6% in the first quarter. State Street Corp now owns 2,234,612 shares of the information technology services provider’s stock valued at $668,147,000 after acquiring an additional 56,979 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

EPAM Systems Stock Down 1.4 %

EPAM stock opened at $262.81 on Wednesday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $243.91 and a two-hundred day moving average price of $255.67. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 6.94 and a beta of 1.47. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $429.53.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.88 by $0.33. EPAM Systems had a return on equity of 18.60% and a net margin of 11.02%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Analysts anticipate that EPAM Systems, Inc. will post 8.07 EPS for the current fiscal year.

Insider Transactions at EPAM Systems

In other news, Director Eugene Roman sold 1,552 shares of EPAM Systems stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $237.44, for a total transaction of $368,506.88. Following the completion of the transaction, the director now directly owns 982 shares in the company, valued at approximately $233,166.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on EPAM shares. Susquehanna decreased their price target on EPAM Systems from $350.00 to $300.00 in a report on Friday, June 9th. Piper Sandler raised their price target on EPAM Systems from $215.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, August 4th. Morgan Stanley raised their target price on EPAM Systems from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Barclays raised their target price on EPAM Systems from $250.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Finally, Scotiabank started coverage on EPAM Systems in a research report on Wednesday, August 23rd. They set a “sector perform” rating and a $265.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $308.79.

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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.