EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 126.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 769,584 shares of the information technology services provider’s stock after purchasing an additional 429,644 shares during the quarter. Marshall Wace LLP’s holdings in EPAM Systems were worth $179,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EPAM. MML Investors Services LLC boosted its holdings in EPAM Systems by 19.1% in the third quarter. MML Investors Services LLC now owns 6,522 shares of the information technology services provider’s stock valued at $1,298,000 after purchasing an additional 1,045 shares during the last quarter. Barclays PLC lifted its holdings in shares of EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock valued at $25,602,000 after buying an additional 13,981 shares during the period. Virtu Financial LLC purchased a new stake in shares of EPAM Systems in the third quarter worth about $738,000. SkyView Investment Advisors LLC grew its holdings in EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after acquiring an additional 60 shares during the period. Finally, Tidal Investments LLC raised its position in EPAM Systems by 6.1% during the third quarter. Tidal Investments LLC now owns 6,681 shares of the information technology services provider’s stock valued at $1,330,000 after acquiring an additional 384 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Down 0.3 %

Shares of EPAM opened at $151.56 on Wednesday. The firm’s fifty day moving average is $194.04 and its two-hundred day moving average is $215.97. The stock has a market cap of $8.65 billion, a PE ratio of 19.33, 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.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business’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 transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the topic of several recent research reports. 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. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Morgan Stanley lifted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group cut 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. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.80.

About EPAM Systems

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.