EPAM Systems, Inc. (NYSE:EPAM) Position Increased by Toroso Investments LLC

Toroso Investments LLC lifted its position in EPAM Systems, Inc. (NYSE:EPAM) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,339 shares of the information technology services provider’s stock after acquiring an additional 406 shares during the period. Toroso Investments LLC’s holdings in EPAM Systems were worth $998,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Optimum Investment Advisors purchased a new position in EPAM Systems during the 1st quarter valued at about $30,000. Clear Street Markets LLC increased its stake in EPAM Systems by 93.1% in the 1st quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 54 shares during the period. Financial Freedom LLC purchased a new stake in EPAM Systems in the 4th quarter worth approximately $34,000. Global Retirement Partners LLC grew its holdings in shares of EPAM Systems by 147.3% during the 1st quarter. Global Retirement Partners LLC now owns 136 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 81 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of EPAM Systems in the first quarter worth $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In other EPAM Systems news, Director Eugene Roman sold 1,552 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $237.44, for a total value of $368,506.88. Following the sale, the director now owns 982 shares of the company’s stock, valued at approximately $233,166.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of recent research reports. Citigroup boosted their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of EPAM Systems from $272.00 to $319.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Needham & Company LLC increased their price target on shares of EPAM Systems from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Piper Sandler lifted their price objective on shares of EPAM Systems from $215.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Finally, Bank of America downgraded shares of EPAM Systems from a “buy” rating to an “underperform” rating in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $296.00.

EPAM Systems Price Performance

NYSE:EPAM opened at $259.53 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.92 and a quick ratio of 4.92. The stock has a market cap of $15.04 billion, a P/E ratio of 28.84, a PEG ratio of 7.10 and a beta of 1.47. The company has a fifty day moving average price of $246.47 and a 200 day moving average price of $254.44. EPAM Systems, Inc. has a one year low of $197.99 and a one year high of $404.83.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.33. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a return on equity of 18.60% and a net margin of 11.02%. Analysts anticipate that EPAM Systems, Inc. will post 8.07 earnings per share for the current year.

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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.