EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its position in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,276 shares of the information technology services provider’s stock after purchasing an additional 979 shares during the quarter. California State Teachers Retirement System owned 0.16% of EPAM Systems worth $26,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. NBC Securities Inc. purchased a new stake in shares of EPAM Systems during the third quarter worth $46,000. Victory Capital Management Inc. increased its position in shares of EPAM Systems by 14.1% during the third quarter. Victory Capital Management Inc. now owns 24,351 shares of the information technology services provider’s stock worth $6,226,000 after acquiring an additional 3,006 shares during the period. Keybank National Association OH increased its position in shares of EPAM Systems by 20.9% during the third quarter. Keybank National Association OH now owns 2,238 shares of the information technology services provider’s stock worth $572,000 after acquiring an additional 387 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of EPAM Systems during the third quarter worth $2,145,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of EPAM Systems by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 376,602 shares of the information technology services provider’s stock worth $96,293,000 after acquiring an additional 17,636 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Price Performance

Shares of EPAM opened at $174.49 on Thursday. EPAM Systems, Inc. has a twelve month low of $172.95 and a twelve month high of $317.50. The stock’s 50 day moving average is $227.87 and its two-hundred day moving average is $267.46. The firm has a market capitalization of $10.12 billion, a PE ratio of 23.87, a P/E/G ratio of 4.04 and a beta of 1.42. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAMGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.09. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Research analysts anticipate that EPAM Systems, Inc. will post 7.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC cut their price target on EPAM Systems from $350.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Citigroup cut their price target on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Susquehanna raised their price objective on EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen dropped their price objective on EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $277.65.

View Our Latest Stock Report on EPAM Systems

About EPAM Systems

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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