Inspire Advisors LLC Raises Stake in EPAM Systems, Inc. (NYSE:EPAM)

Inspire Advisors LLC grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,877 shares of the information technology services provider’s stock after purchasing an additional 118 shares during the period. Inspire Advisors LLC’s holdings in EPAM Systems were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EPAM. Massachusetts Financial Services Co. MA boosted its position in shares of EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in shares of EPAM Systems by 48.8% during 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 position in shares of EPAM Systems by 45.4% during 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. Raymond James Financial Inc. purchased a new stake in shares of EPAM Systems during the 4th quarter worth $27,916,000. Finally, Citigroup Inc. boosted its position in shares of EPAM Systems by 199.5% during the 3rd quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after purchasing an additional 115,720 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 0.6 %

NYSE EPAM opened at $191.57 on Wednesday. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $309.48. The company has a 50-day moving average of $233.93 and a 200-day moving average of $222.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company has a market cap of $10.90 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.38 and a beta of 1.61.

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 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 company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EPAM shares. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Scotiabank cut their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. Mizuho lifted their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given 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 $267.33.

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.