Leeward Investments LLC MA Takes $8.85 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Leeward Investments LLC MA purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 37,857 shares of the information technology services provider’s stock, valued at approximately $8,852,000.

Several other hedge funds also recently modified their holdings of EPAM. Versant Capital Management Inc acquired a new position in shares of EPAM Systems during the 4th quarter valued at $35,000. Farther Finance Advisors LLC grew its holdings in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems in the 3rd quarter worth $44,000. Manchester Capital Management LLC grew its holdings in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 177 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of EPAM Systems in the 3rd quarter worth $52,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

EPAM opened at $208.98 on Friday. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. 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 stock has a fifty day moving average price of $243.56 and a 200 day moving average price of $222.34.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.21 billion. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of recent research reports. Susquehanna lifted their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $269.83.

Insider Buying and Selling at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated 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 transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, 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 have sold a total of 8,300 shares of company stock worth $2,129,924 over the last three months. Corporate 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.