EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 36,566 shares of the information technology services provider’s stock after buying an additional 3,184 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in EPAM Systems were worth $8,550,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of EPAM Systems in the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its position in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the third quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems in the third quarter valued at approximately $52,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason D. Peterson sold 464 shares of EPAM Systems 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 completion of the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems 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 sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Piper Sandler raised their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $268.44.

EPAM Systems Price Performance

EPAM stock opened at $210.60 on Wednesday. The business has a fifty day moving average of $242.09 and a two-hundred day moving average of $222.67. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50.

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

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.