Creekmur Asset Management LLC Invests $622,000 in EPAM Systems, Inc. (NYSE:EPAM)

Creekmur Asset Management LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,659 shares of the information technology services provider’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in EPAM Systems by 21.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 45,188 shares of the information technology services provider’s stock worth $8,994,000 after buying an additional 7,885 shares in the last quarter. Public Sector Pension Investment Board raised its stake in EPAM Systems by 4.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider’s stock valued at $463,000 after buying an additional 100 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of EPAM Systems by 70.5% during the 3rd quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider’s stock valued at $1,329,000 after buying an additional 2,760 shares during the period. Verition Fund Management LLC boosted its stake in shares of EPAM Systems by 784.7% in the 3rd quarter. Verition Fund Management LLC now owns 17,950 shares of the information technology services provider’s stock worth $3,573,000 after buying an additional 15,921 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in EPAM Systems during the third quarter valued at $108,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.9 %

Shares of NYSE:EPAM opened at $167.40 on Wednesday. The firm has a market capitalization of $9.52 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 1 year low of $164.00 and a 1 year high of $275.49. The business has a 50 day simple moving average of $218.35 and a two-hundred day simple moving average of $220.27. 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 (NYSE:EPAM) last issued its 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 for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The shares were 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 approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EPAM has been the subject of several research reports. Morgan Stanley upped their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Barclays lowered their target price on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.47.

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.