TFO Wealth Partners LLC Purchases 1,470 Shares of EPAM Systems, Inc. (NYSE:EPAM)

TFO Wealth Partners LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAMFree Report) by 147,000.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,471 shares of the information technology services provider’s stock after purchasing an additional 1,470 shares during the period. TFO Wealth Partners LLC’s holdings in EPAM Systems were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Olympiad Research LP bought a new stake in EPAM Systems in the 4th quarter valued at $371,000. Meridian Management Co. increased its holdings in EPAM Systems by 0.6% in the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock valued at $2,372,000 after acquiring an additional 48 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in EPAM Systems by 12.7% in the 4th quarter. Allianz Asset Management GmbH now owns 60,126 shares of the information technology services provider’s stock valued at $17,878,000 after acquiring an additional 6,798 shares during the last quarter. TD Asset Management Inc increased its holdings in EPAM Systems by 317.4% in the 4th quarter. TD Asset Management Inc now owns 263,255 shares of the information technology services provider’s stock valued at $78,276,000 after acquiring an additional 200,181 shares during the last quarter. Finally, Connable Office Inc. purchased a new position in shares of EPAM Systems in the 4th quarter worth $679,000. 91.58% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 completion of the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $176.05 on Friday. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 4.09 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. EPAM Systems, Inc. has a 1 year low of $174.22 and a 1 year high of $317.50. The firm has a 50-day moving average of $233.42 and a two-hundred day moving average of $268.75.

EPAM Systems (NYSE:EPAMGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. On average, research analysts forecast that EPAM Systems, Inc. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of recent research reports. Scotiabank cut shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $300.00 to $245.00 in a research note on Friday, May 10th. Stifel Nicolaus lifted their price objective on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Piper Sandler dropped their price objective on shares of EPAM Systems from $317.00 to $252.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Wolfe Research cut shares of EPAM Systems from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of “Hold” and an average target price of $277.65.

View Our Latest Analysis on EPAM Systems

About EPAM Systems

(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.

Further Reading

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

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