Alpha DNA Investment Management LLC Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

Alpha DNA Investment Management LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,777 shares of the information technology services provider’s stock, valued at approximately $415,000.

A number of other hedge funds also recently modified their holdings of the business. Aurora Investment Counsel raised its position in EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after purchasing an additional 45 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of EPAM Systems by 0.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock worth $3,655,000 after acquiring an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of EPAM Systems by 90.0% in the fourth 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 during the period. SkyView Investment Advisors LLC boosted its holdings in EPAM Systems by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after acquiring an additional 60 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $146.80 on Friday. The company has a market cap of $8.38 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The business has a 50 day moving average price of $187.18 and a 200-day moving average price of $214.80.

EPAM Systems (NYSE:EPAM) last issued 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 company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EPAM shares. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Jefferies Financial Group lowered 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 decreased their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. Barclays lowered their target price on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Piper Sandler downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $251.00 to $170.00 in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $245.93.

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.