Signaturefd LLC Lowers Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Signaturefd LLC lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 606 shares of the information technology services provider’s stock after selling 59 shares during the period. Signaturefd LLC’s holdings in EPAM Systems were worth $180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPAM. International Assets Investment Management LLC purchased a new position in EPAM Systems during the fourth quarter valued at $663,080,000. Royal Bank of Canada raised its position in shares of EPAM Systems by 265.7% in the 3rd quarter. Royal Bank of Canada now owns 183,284 shares of the information technology services provider’s stock worth $46,864,000 after purchasing an additional 133,163 shares during the last quarter. Lone Pine Capital LLC raised its position in shares of EPAM Systems by 9.2% in 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 last quarter. Envestnet Asset Management Inc. raised its position in shares of EPAM Systems by 95.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 166,346 shares of the information technology services provider’s stock worth $42,533,000 after purchasing an additional 81,386 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of EPAM Systems in the 3rd quarter worth about $13,402,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EPAM. Jefferies Financial Group reaffirmed a “hold” rating and issued a $295.00 price target on shares of EPAM Systems in a research report on Thursday, January 11th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $265.00 to $350.00 in a research report on Friday, February 16th. Mizuho lifted their price target on EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $369.00 price target on shares of EPAM Systems in a research report on Monday, March 4th. Finally, Barclays decreased their target price on EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $323.93.

EPAM Systems Trading Up 0.3 %

EPAM Systems stock opened at $237.75 on Friday. The business has a 50-day simple moving average of $280.94 and a two-hundred day simple moving average of $273.37. The company has a market cap of $13.79 billion, a P/E ratio of 33.63, a P/E/G ratio of 10.35 and a beta of 1.43. EPAM Systems, Inc. has a 52-week low of $197.99 and a 52-week high of $317.50. 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 (NYSE:EPAM) last released its quarterly 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 during 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 business’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 EPS. Analysts predict that EPAM Systems, Inc. will post 7.72 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Lawrence F. Solomon sold 5,350 shares of the business’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 transaction 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 approximately $3,707,802. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the business’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 value of $2,416,320.00. Following the transaction, the senior vice president now 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 sold a total of 16,820 shares of company stock worth $5,101,117 in the last three months. 4.30% of the stock is currently 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.