Louisiana State Employees Retirement System Purchases Shares of 3,500 EPAM Systems, Inc. (NYSE:EPAM)

Louisiana State Employees Retirement System acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,500 shares of the information technology services provider’s stock, valued at approximately $1,041,000.

Other institutional investors also recently made changes to their positions in the company. Natixis Advisors L.P. grew its stake in shares of EPAM Systems by 5.1% during the 3rd quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock valued at $7,210,000 after buying an additional 1,370 shares during the period. Lone Pine Capital LLC boosted its position in 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 purchasing an additional 88,641 shares during the period. TD Asset Management Inc boosted its position in 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 purchasing an additional 1,558 shares during the period. Wellington Management Group LLP purchased a new stake in EPAM Systems during the 3rd quarter worth $13,402,000. Finally, Assenagon Asset Management S.A. boosted its position in 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 purchasing an additional 44,388 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 in the company, valued at $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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 in the company, valued at $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 the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $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 over the last quarter. 3.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPAM. Stifel Nicolaus upped their price target on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Barclays upped their price target on shares of EPAM Systems from $305.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 20th. Mizuho upped their price target on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. HSBC decreased their price objective on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.00.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $244.84 on Thursday. The firm has a market cap of $14.20 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 10.77 and a beta of 1.43. The firm’s 50-day simple moving average is $284.37 and its 200-day simple moving average is $273.89. 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 1 year low of $197.99 and a 1 year high of $317.50.

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 analysts’ consensus estimates of $2.51 by $0.24. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.71 EPS. Equities analysts forecast that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal year.

EPAM Systems Company 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.