Ontario Teachers Pension Plan Board Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

Ontario Teachers Pension Plan Board purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,504 shares of the information technology services provider’s stock, valued at approximately $352,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc bought a new stake in EPAM Systems during the fourth quarter valued at $35,000. Manchester Capital Management LLC raised its holdings in shares of EPAM Systems by 590.0% during the fourth 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 during the period. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems in the 4th quarter worth about $49,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

EPAM opened at $146.80 on Friday. The business has a 50 day moving average price of $189.52 and a two-hundred day moving average price of $215.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM) last announced 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). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Scotiabank cut their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. Finally, Barclays reduced their target price on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.93.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

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.