DekaBank Deutsche Girozentrale Acquires 246 Shares of EPAM Systems, Inc. (NYSE:EPAM)

DekaBank Deutsche Girozentrale grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,278 shares of the information technology services provider’s stock after purchasing an additional 246 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in EPAM Systems were worth $3,037,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Natixis Advisors L.P. grew its position in EPAM Systems by 5.1% in the third quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock worth $7,210,000 after acquiring an additional 1,370 shares in the last quarter. Lone Pine Capital LLC boosted its holdings in shares of 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 worth $269,556,000 after buying an additional 88,641 shares during the period. TD Asset Management Inc boosted its holdings in shares of 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 worth $16,127,000 after buying an additional 1,558 shares during the period. Wellington Management Group LLP bought a new stake in shares of EPAM Systems during the 3rd quarter worth $13,402,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of EPAM Systems by 131.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 78,156 shares of the information technology services provider’s stock worth $23,239,000 after buying an additional 44,388 shares during the period. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of EPAM Systems from $250.00 to $236.00 and set an “underweight” rating for the company in a report on Friday, March 22nd. Barclays upped their price objective on shares of EPAM Systems from $305.00 to $315.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 20th. HSBC cut their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $265.00 to $350.00 in a research note on Friday, February 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $369.00 target price on shares of EPAM Systems in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.33.

EPAM Systems Stock Down 2.8 %

EPAM opened at $259.02 on Friday. The firm’s 50-day simple moving average is $289.53 and its 200-day simple moving average is $273.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 11.63 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal year.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $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 stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,820 shares of company stock valued at $5,101,117. 3.20% of the stock is owned by insiders.

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.