EPAM Systems, Inc. (NYSE:EPAM) Stock Position Lifted by Amundi

Amundi grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,668 shares of the information technology services provider’s stock after acquiring an additional 29,142 shares during the quarter. Amundi owned approximately 0.39% of EPAM Systems worth $50,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EPAM. Geneva Capital Management LLC lifted its holdings in shares of EPAM Systems by 6.0% in the 3rd quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock worth $14,187,000 after purchasing an additional 4,027 shares during the last quarter. Centre Asset Management LLC acquired a new stake in EPAM Systems in the fourth quarter worth $8,757,000. Oppenheimer Asset Management Inc. bought a new stake in EPAM Systems in the third quarter valued at $8,195,000. Oliver Luxxe Assets LLC acquired a new position in shares of EPAM Systems during the fourth quarter valued at $1,889,000. Finally, Victory Capital Management Inc. grew its position in shares of EPAM Systems by 247.6% during the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after acquiring an additional 51,603 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is owned by insiders.

EPAM Systems Stock Performance

Shares of EPAM opened at $189.32 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm’s 50 day moving average is $233.93 and its 200-day moving average is $222.80. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $308.99. The stock has a market capitalization of $10.77 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EPAM shares. StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Barclays cut their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Mizuho raised their target price on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $267.33.

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.