Oppenheimer Asset Management Inc. Has $9.53 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Oppenheimer Asset Management Inc. lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,751 shares of the information technology services provider’s stock after selling 425 shares during the period. Oppenheimer Asset Management Inc.’s holdings in EPAM Systems were worth $9,528,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc acquired a new position in EPAM Systems in the 4th quarter valued at about $35,000. Manchester Capital Management LLC grew its position in shares of EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems during the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC acquired a new position in shares of EPAM Systems during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Trading Down 2.0 %

EPAM opened at $208.87 on Friday. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $240.81 and a 200-day moving average of $222.51. The stock has a market cap of $11.85 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Piper Sandler increased their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Susquehanna upped their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.44.

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.