TD Asset Management Inc. Acquires 47,659 Shares of EPAM Systems, Inc. (NYSE:EPAM)

TD Asset Management Inc. raised its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 533,571 shares of the information technology services provider’s stock after purchasing an additional 47,659 shares during the period. TD Asset Management Inc. owned approximately 0.94% of EPAM Systems worth $124,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EPAM. Aurora Investment Counsel grew its holdings in EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after acquiring an additional 45 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of EPAM Systems by 90.0% during the fourth 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. SkyView Investment Advisors LLC lifted its holdings in shares of 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 purchasing an additional 60 shares during the period. Baker Tilly Wealth Management LLC grew its stake in shares of EPAM Systems by 4.9% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 69 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.5 %

NYSE EPAM opened at $179.12 on Wednesday. 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 $169.43 and a 52 week high of $281.62. The business has a 50 day moving average price of $224.30 and a 200-day moving average price of $221.42. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 22.85, a P/E/G 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 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’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 directly owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 subject of several recent research reports. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Scotiabank lowered their price target on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley boosted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays decreased their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $262.47.

EPAM Systems Company 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.