Capital International Sarl Boosts Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Capital International Sarl boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,215 shares of the information technology services provider’s stock after purchasing an additional 1,238 shares during the period. Capital International Sarl’s holdings in EPAM Systems were worth $4,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Alpha DNA Investment Management LLC bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $415,000. CANADA LIFE ASSURANCE Co increased its position in EPAM Systems by 1.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 33,683 shares of the information technology services provider’s stock valued at $7,866,000 after purchasing an additional 600 shares during the period. Canada Pension Plan Investment Board raised its holdings in EPAM Systems by 33.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 21,200 shares of the information technology services provider’s stock worth $4,957,000 after purchasing an additional 5,300 shares in the last quarter. Farringdon Capital Ltd. purchased a new stake in shares of EPAM Systems in the 4th quarter worth about $220,000. Finally, Marshall Wace LLP boosted its stake in shares of EPAM Systems by 126.4% during the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after purchasing an additional 429,644 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM opened at $146.80 on Friday. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a fifty day simple moving average of $187.18 and a two-hundred day simple moving average of $214.80. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.38 billion, a PE ratio of 18.72, a P/E/G ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler lowered shares of EPAM Systems from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $251.00 to $170.00 in a report on Wednesday. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Barclays decreased their price objective on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Scotiabank reduced their target price on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Finally, Jefferies Financial Group lowered their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.93.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by insiders.

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.