Tokio Marine Asset Management Co. Ltd. Buys 100 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,600 shares of the information technology services provider’s stock after buying an additional 100 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in EPAM Systems were worth $476,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in EPAM Systems by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,791,017 shares of the information technology services provider’s stock worth $1,736,395,000 after purchasing an additional 19,130 shares during the last quarter. Lone Pine Capital LLC boosted its position in 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 purchasing an additional 88,641 shares during the last quarter. Northern Trust Corp boosted its position in EPAM Systems by 6.2% in the third quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider’s stock worth $183,243,000 after purchasing an additional 42,077 shares during the last quarter. Bank of New York Mellon Corp boosted its position in EPAM Systems by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 398,400 shares of the information technology services provider’s stock worth $101,867,000 after purchasing an additional 4,888 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in EPAM Systems by 11.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 385,135 shares of the information technology services provider’s stock worth $98,475,000 after purchasing an additional 40,343 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

EPAM has been the topic of several research analyst reports. Barclays cut their price objective on EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Friday. Morgan Stanley raised EPAM Systems from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $236.00 to $225.00 in a research report on Friday. Wolfe Research raised EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price target on the stock in a research report on Thursday, January 4th. JPMorgan Chase & Co. upped their price target on EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Guggenheim began coverage on EPAM Systems in a research report on Tuesday, March 19th. They set a “buy” rating and a $350.00 price target on the stock. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.93.

EPAM Systems Stock Performance

Shares of EPAM opened at $237.75 on Friday. The stock’s 50-day simple moving average is $280.94 and its 200 day simple moving average is $273.37. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 10.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems, Inc. has a 52-week low of $197.99 and a 52-week high of $317.50.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. The business had revenue of $1.16 billion for 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%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.71 EPS. Research analysts forecast that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal year.

Insider Buying and Selling

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now 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 quarter, insiders have sold 16,820 shares of company stock valued at $5,101,117. Corporate insiders own 4.30% of the company’s stock.

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.