EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,328 shares of the information technology services provider’s stock after purchasing an additional 553 shares during the period. Van ECK Associates Corp’s holdings in EPAM Systems were worth $2,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. VisionPoint Advisory Group LLC increased its holdings in 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 valued at $35,000 after buying an additional 69 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of EPAM Systems by 123.3% during 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 in the last quarter. NBC Securities Inc. purchased a new position in shares of EPAM Systems in the 3rd quarter valued at about $46,000. Emerald Advisers LLC acquired a new stake in shares of EPAM Systems during the 3rd quarter worth about $113,000. Finally, Mendota Financial Group LLC purchased a new stake in EPAM Systems during the fourth quarter worth approximately $117,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated Monday, February 26th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction 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 owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock valued at $5,101,117 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Up 1.4 %

EPAM Systems stock opened at $249.72 on Wednesday. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 10.58 and a beta of 1.46. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $272.17 and a two-hundred day moving average of $273.96. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. The firm 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 company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. As a group, research analysts expect that EPAM Systems, Inc. will post 7.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on EPAM shares. Morgan Stanley upgraded shares of EPAM Systems from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $236.00 to $225.00 in a research note on Friday, April 26th. Barclays cut their price target on shares of EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Susquehanna upped their price objective on shares of EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Piper Sandler cut their target price on EPAM Systems from $369.00 to $317.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Needham & Company LLC boosted their target price on EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $315.60.

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.