1,792 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by APG Asset Management US Inc.

APG Asset Management US Inc. purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,792 shares of the information technology services provider’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares during the last quarter. TD Private Client Wealth LLC raised its position in EPAM Systems by 88.5% in 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 during the last quarter. Versant Capital Management Inc purchased a new stake in EPAM Systems in the 4th quarter valued at $35,000. Manchester Capital Management LLC raised its position in 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 valued at $48,000 after buying an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in EPAM Systems in the 4th quarter valued at $49,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 11.1 %

Shares of EPAM Systems stock opened at $159.23 on Thursday. The stock’s 50-day simple moving average is $202.78 and its 200 day simple moving average is $217.36. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $271.61. The stock has a market capitalization of $9.09 billion, a P/E ratio of 20.31, a P/E/G ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on EPAM. Barclays lowered their price target 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 raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Jefferies Financial Group decreased their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.