Raymond James Financial Services Advisors Inc. Grows Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Raymond James Financial Services Advisors Inc. lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,233 shares of the information technology services provider’s stock after buying an additional 345 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in EPAM Systems were worth $1,259,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Clear Street Markets LLC lifted its position in EPAM Systems by 93.1% during the first quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares during the period. Financial Freedom LLC purchased a new position in shares of EPAM Systems during the 4th quarter worth about $34,000. VisionPoint Advisory Group LLC boosted its position in shares of EPAM Systems by 103.0% in the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 69 shares during the last quarter. Lindbrook Capital LLC grew its holdings in EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 90 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in EPAM Systems during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EPAM. Morgan Stanley reduced their target price on EPAM Systems from $250.00 to $236.00 and set an “underweight” rating on the stock in a report on Friday, March 22nd. Mizuho lifted their price objective on EPAM Systems from $340.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Piper Sandler reissued an “overweight” rating and set a $369.00 target price on shares of EPAM Systems in a research report on Monday, March 4th. Needham & Company LLC lifted their price target on shares of EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $265.00 to $350.00 in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average target price of $331.33.

Insider Transactions at EPAM Systems

In other news, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, 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 is accessible through the SEC website. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Balazs Fejes sold 3,470 shares of the business’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 value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock valued at $5,101,117 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

EPAM Systems Trading Down 2.8 %

EPAM opened at $259.16 on Friday. The stock has a market capitalization of $14.99 billion, a P/E ratio of 36.66, a P/E/G ratio of 11.62 and a beta of 1.43. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $197.99 and a 12 month high of $317.50. The firm’s fifty day simple moving average is $289.53 and its 200 day simple moving average is $273.69.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 earnings per share. As a group, research analysts anticipate that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal 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.