EPAM Systems, Inc. (NYSE:EPAM) Stock Position Increased by EntryPoint Capital LLC

EntryPoint Capital LLC increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,236 shares of the information technology services provider’s stock after buying an additional 197 shares during the quarter. EntryPoint Capital LLC’s holdings in EPAM Systems were worth $289,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of 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 worth $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc acquired a new stake in EPAM Systems during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC boosted its holdings in 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 worth $48,000 after buying an additional 177 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after buying an additional 262 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insiders Place Their Bets

In other EPAM Systems 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 value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

EPAM opened at $174.08 on Friday. The stock has a fifty day moving average price of $222.15 and a 200 day moving average price of $220.78. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $281.62. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 22.20, a PEG 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 earnings per share (EPS) 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 firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank decreased their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seven equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $262.47.

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.