AlphaStar Capital Management LLC Purchases 245 Shares of EPAM Systems, Inc. (NYSE:EPAM)

AlphaStar Capital Management LLC boosted its position in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,057 shares of the information technology services provider’s stock after purchasing an additional 245 shares during the quarter. AlphaStar Capital Management LLC’s holdings in EPAM Systems were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EPAM. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems in the fourth quarter worth $25,000. VisionPoint Advisory Group LLC increased its holdings in shares of EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Principal Securities Inc. bought a new position in shares of EPAM Systems during the fourth quarter valued at $43,000. NBC Securities Inc. bought a new position in shares of EPAM Systems during the third quarter valued at $46,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of EPAM Systems by 64.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 326 shares of the information technology services provider’s stock valued at $97,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Transactions at EPAM Systems

In related news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the transaction, the senior vice president now owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is currently owned by insiders.

EPAM Systems Price Performance

EPAM Systems stock traded up $5.47 during mid-day trading on Monday, hitting $188.87. The stock had a trading volume of 1,180,508 shares, compared to its average volume of 570,539. The firm has a market capitalization of $10.95 billion, a P/E ratio of 25.99, a P/E/G ratio of 8.02 and a beta of 1.46. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $266.12 and its 200 day moving average is $273.64. EPAM Systems, Inc. has a one year low of $180.28 and a one year high of $317.50.

EPAM Systems (NYSE:EPAMGet Free Report) last issued its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. On average, sell-side analysts forecast that EPAM Systems, Inc. will post 7.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EPAM shares. Citigroup reduced their price target on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. reduced their price objective on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Susquehanna lifted their price objective on EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. TD Cowen reduced their price objective on EPAM Systems from $282.00 to $203.00 and set a “hold” rating for the company in a report on Friday. Finally, Mizuho lifted their price objective on EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.25.

Get Our Latest Stock Analysis on EPAM Systems

EPAM Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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