708 Shares in EPAM Systems, Inc. (NYSE:EPAM) Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC acquired a new position in EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 708 shares of the information technology services provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems in the 4th quarter worth approximately $25,000. VisionPoint Advisory Group LLC raised its stake in shares of EPAM Systems by 103.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Lindbrook Capital LLC lifted its holdings in EPAM Systems by 123.3% during the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 90 shares in the last quarter. NBC Securities Inc. bought a new position in EPAM Systems in the 3rd quarter worth about $46,000. Finally, Exchange Traded Concepts LLC grew its holdings in EPAM Systems by 46.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 68 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the completion of the transaction, the senior vice president now owns 12,117 shares in the company, valued at $3,707,802. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock worth $5,101,117 in the last three months. 4.30% of the stock is owned by insiders.

EPAM Systems Trading Up 1.7 %

NYSE EPAM traded up $4.22 during trading on Monday, hitting $246.34. 414,612 shares of the company’s stock traded hands, compared to its average volume of 496,735. The stock has a fifty day moving average of $274.43 and a two-hundred day moving average of $273.66. EPAM Systems, Inc. has a 12-month low of $197.99 and a 12-month high of $317.50. The firm has a market cap of $14.29 billion, a P/E ratio of 34.25, a PEG ratio of 10.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.24. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. EPAM Systems’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 EPS. As a group, sell-side analysts expect that EPAM Systems, Inc. will post 7.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EPAM. Barclays lowered their price target 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. JPMorgan Chase & Co. reduced their price target on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler lowered their price target on EPAM Systems from $369.00 to $317.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley raised EPAM Systems from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $236.00 to $225.00 in a report on Friday, April 26th. Finally, HSBC lowered their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.