Van Berkom & Associates Inc. Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

Van Berkom & Associates Inc. purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,458 shares of the information technology services provider’s stock, valued at approximately $1,510,000.

A number of other large investors also recently bought and sold shares of EPAM. Massachusetts Financial Services Co. MA grew its stake in shares of EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after acquiring an additional 361,363 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after purchasing an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after purchasing an additional 160,989 shares in the last quarter. Citigroup Inc. grew its position in EPAM Systems by 199.5% during the 3rd quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock valued at $34,576,000 after purchasing an additional 115,720 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter valued at about $21,787,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. Susquehanna increased their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup increased their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $269.83.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $225.11 on Friday. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 3.92 and a beta of 1.51. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $244.27 and a 200 day moving average of $222.18.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. On average, research analysts anticipate that EPAM Systems, Inc. will post 8.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock worth $2,129,924 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

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.