Daiwa Securities Group Inc. Grows Position in EPAM Systems, Inc. (NYSE:EPAM)

Daiwa Securities Group Inc. grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,309 shares of the information technology services provider’s stock after buying an additional 378 shares during the period. Daiwa Securities Group Inc.’s holdings in EPAM Systems were worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC boosted its stake in EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after buying an additional 69 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of EPAM Systems by 123.3% in the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 90 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of EPAM Systems during the 3rd quarter worth $45,000. NBC Securities Inc. acquired a new position in shares of EPAM Systems during the 3rd quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of EPAM Systems by 46.6% in the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 68 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Balazs Fejes sold 3,470 shares of the firm’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 directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on 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 of the company’s stock, valued at $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock worth $5,101,117 in the last quarter. 4.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on EPAM. Piper Sandler reiterated an “overweight” rating and issued a $369.00 target price on shares of EPAM Systems in a report on Monday, March 4th. Wolfe Research raised EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research note on Thursday, January 4th. Susquehanna upped their price target on EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Citigroup reduced their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Scotiabank raised 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 report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.00.

EPAM Systems Trading Up 0.5 %

Shares of EPAM stock opened at $247.20 on Tuesday. The stock has a market capitalization of $14.34 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 10.73 and a beta of 1.44. 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 debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. The company has a 50 day moving average price of $284.87 and a 200 day moving average price of $273.86.

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

EPAM Systems Profile

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.