Nisa Investment Advisors LLC Grows Stake in EPAM Systems, Inc. (NYSE:EPAM)

Nisa Investment Advisors LLC raised its stake in EPAM Systems, Inc. (NYSE:EPAM) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,481 shares of the information technology services provider’s stock after acquiring an additional 2,035 shares during the period. Nisa Investment Advisors LLC’s holdings in EPAM Systems were worth $2,522,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $181,396,000. International Assets Investment Management LLC purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $663,080,000. State Street Corp boosted its position in shares of EPAM Systems by 9.1% during the first quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock valued at $733,197,000 after buying an additional 206,636 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of EPAM Systems during the first quarter valued at $58,916,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of EPAM Systems during the first quarter valued at $49,335,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EPAM has been the topic of a number of recent research reports. Mizuho increased their target price on EPAM Systems from $340.00 to $345.00 and gave the company a “buy” rating in a report on Friday, February 16th. Susquehanna increased their target price on EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a report on Friday, February 16th. Guggenheim initiated coverage on EPAM Systems in a report on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price on the stock. JPMorgan Chase & Co. increased their target price on EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Barclays increased their target price on EPAM Systems from $305.00 to $315.00 and gave the company an “equal weight” rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus target price of $331.33.

EPAM Systems Stock Down 2.8 %

NYSE EPAM opened at $259.02 on Friday. The stock’s 50-day moving average price is $289.53 and its 200-day moving average price is $273.57. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $197.99 and a 52 week high of $317.50. The company has a market capitalization of $14.98 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 11.63 and a beta of 1.43.

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

Insider Activity at EPAM Systems

In related news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,025,934.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,820 shares of company stock valued at $5,101,117. 3.20% of the stock is owned by company 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.