EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 152.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,533 shares of the information technology services provider’s stock after purchasing an additional 17,212 shares during the quarter. Russell Investments Group Ltd.’s holdings in EPAM Systems were worth $8,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $663,080,000. Royal Bank of Canada increased its stake in EPAM Systems by 265.7% during the 3rd quarter. Royal Bank of Canada now owns 183,284 shares of the information technology services provider’s stock valued at $46,864,000 after purchasing an additional 133,163 shares in the last quarter. Lone Pine Capital LLC raised its holdings in shares of EPAM Systems by 9.2% in the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock worth $269,556,000 after buying an additional 88,641 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of EPAM Systems by 95.8% during the third quarter. Envestnet Asset Management Inc. now owns 166,346 shares of the information technology services provider’s stock worth $42,533,000 after buying an additional 81,386 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of EPAM Systems during the third quarter valued at $13,402,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares in the company, valued at $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,820 shares of company stock worth $5,101,117. Insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $246.34 on Tuesday. The company has a market capitalization of $14.29 billion, a P/E ratio of 34.84, a P/E/G ratio of 10.58 and a beta of 1.46. EPAM Systems, Inc. has a 12-month low of $197.99 and a 12-month high of $317.50. The business’s 50 day moving average is $273.31 and its two-hundred day moving average is $273.77. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.71 EPS. Analysts expect that EPAM Systems, Inc. will post 7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. HSBC lowered their price target on EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. dropped their target price on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Wedbush reissued an “outperform” rating and set a $340.00 price target on shares of EPAM Systems in a research report on Wednesday, April 10th. Barclays dropped their price objective on shares of EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Scotiabank decreased their target price on shares of EPAM Systems from $350.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $315.60.

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.