Alpha DNA Investment Management LLC Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

Alpha DNA Investment Management LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,777 shares of the information technology services provider’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EPAM. Norges Bank purchased a new stake in EPAM Systems during the fourth quarter valued at about $173,053,000. William Blair Investment Management LLC bought a new position in EPAM Systems in the 4th quarter worth approximately $166,906,000. Marshall Wace LLP grew its stake in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after buying an additional 429,644 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in EPAM Systems by 96.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider’s stock valued at $191,471,000 after acquiring an additional 401,355 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of EPAM Systems during the fourth quarter worth $86,699,000. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Price Performance

EPAM opened at $146.80 on Friday. The stock has a market capitalization of $8.38 billion, a P/E ratio of 18.72, a PEG ratio of 3.38 and a beta of 1.69. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The stock has a 50-day moving average price of $187.18 and a 200-day moving average price of $214.80.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank decreased their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Jefferies Financial Group reduced their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Piper Sandler lowered shares of EPAM Systems from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $251.00 to $170.00 in a report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.93.

EPAM Systems Company 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.