Integrated Quantitative Investments LLC Purchases New Position in EPAM Systems, Inc. (NYSE:EPAM)

Integrated Quantitative Investments LLC acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,710 shares of the information technology services provider’s stock, valued at approximately $400,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position 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 valued at $27,000 after purchasing an additional 54 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of EPAM Systems during the fourth quarter valued at about $35,000. Manchester Capital Management LLC increased its position 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 valued at $48,000 after buying an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems in the fourth quarter valued at approximately $49,000. Institutional investors 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 stock in a transaction dated 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 sale, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems Stock Down 7.0 %

EPAM opened at $144.73 on Friday. EPAM Systems, Inc. has a 12 month low of $144.00 and a 12 month high of $275.49. 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 business’s 50-day moving average price is $213.08 and its 200-day moving average price is $219.04. The company has a market cap of $8.23 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last announced 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 company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EPAM shares. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Scotiabank lowered their price objective on 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. Barclays reduced their target price on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley upped their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.31.

EPAM Systems 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.