4,628 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,628 shares of the information technology services provider’s stock, valued at approximately $1,082,000.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its position in shares of EPAM Systems by 22.0% in the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after acquiring an additional 414,942 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in EPAM Systems by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 349,739 shares of the information technology services provider’s stock valued at $81,782,000 after purchasing an additional 2,932 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of EPAM Systems by 12.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 280,298 shares of the information technology services provider’s stock valued at $65,539,000 after purchasing an additional 30,352 shares in the last quarter. Capital International Ltd. CA boosted its position in shares of EPAM Systems by 6.3% in the fourth quarter. Capital International Ltd. CA now owns 12,755 shares of the information technology services provider’s stock worth $2,982,000 after buying an additional 758 shares during the period. Finally, Capital Group Investment Management PTE. LTD. grew its holdings in shares of EPAM Systems by 7.3% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 2,804 shares of the information technology services provider’s stock valued at $656,000 after buying an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EPAM shares. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Piper Sandler cut shares of EPAM Systems from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $251.00 to $170.00 in a report on Wednesday, April 16th. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Finally, Scotiabank lowered their target price 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. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $245.93.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Price Performance

NYSE EPAM opened at $147.46 on Wednesday. The stock has a market capitalization of $8.42 billion, a PE ratio of 18.81, a P/E/G ratio of 3.38 and a beta of 1.69. The stock has a 50-day simple moving average of $182.38 and a 200 day simple moving average of $214.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

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

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.