Handelsbanken Fonder AB Acquires 4,749 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Handelsbanken Fonder AB grew its stake in EPAM Systems, Inc. (NYSE:EPAM) by 52.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,800 shares of the information technology services provider’s stock after acquiring an additional 4,749 shares during the period. Handelsbanken Fonder AB’s holdings in EPAM Systems were worth $3,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EPAM. Versant Capital Management Inc acquired a new stake in EPAM Systems in the fourth quarter valued at $35,000. Manchester Capital Management LLC raised its holdings in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 177 shares during the period. Farther Finance Advisors LLC lifted its stake in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at about $44,000. Finally, Sentry Investment Management LLC bought a new position in EPAM Systems during the third quarter worth about $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho upped their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley increased their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup increased their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Susquehanna raised their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.44.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $207.37 on Tuesday. The business has a fifty day moving average price of $242.83 and a two-hundred day moving average price of $222.55. The stock has a market capitalization of $11.76 billion, a PE ratio of 26.45, a P/E/G ratio of 3.38 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM) last posted 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction 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. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, 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. In the last ninety days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems 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.