SBI Securities Co. Ltd. Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

SBI Securities Co. Ltd. bought a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 546 shares of the information technology services provider’s stock, valued at approximately $128,000.

A number of other large investors also recently made changes to their positions in EPAM. West Michigan Advisors LLC bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $214,000. Versor Investments LP grew its stake in shares of EPAM Systems by 98.2% in the 4th quarter. Versor Investments LP now owns 6,102 shares of the information technology services provider’s stock valued at $1,427,000 after buying an additional 3,024 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $3,772,000. Illinois Municipal Retirement Fund grew its stake in shares of EPAM Systems by 9.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 36,566 shares of the information technology services provider’s stock valued at $8,550,000 after buying an additional 3,184 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $1,178,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.0 %

Shares of EPAM stock opened at $199.15 on Friday. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50. The firm has a market cap of $11.30 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. The stock has a 50 day moving average of $236.45 and a 200-day moving average of $222.60. 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 (NYSE:EPAM) last issued its quarterly 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Transactions at EPAM Systems

In related news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock worth $2,129,924 over the last three months. 4.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Scotiabank lowered their price target 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. Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Mizuho upped their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus price target of $268.44.

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.