Proficio Capital Partners LLC Acquires New Shares in EPAM Systems, Inc. (NYSE:EPAM)

Proficio Capital Partners LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,134 shares of the information technology services provider’s stock, valued at approximately $3,772,000.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in EPAM Systems during the fourth quarter valued at $35,000. Farther Finance Advisors LLC boosted its position in EPAM Systems by 101.0% during the third 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 during the third quarter valued at $44,000. Manchester Capital Management LLC boosted its position in EPAM Systems by 590.0% during the fourth 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 last quarter. Finally, Sentry Investment Management LLC acquired a new stake in EPAM Systems during the third quarter valued at $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of analyst reports. Susquehanna boosted their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Finally, Scotiabank reduced their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.44.

EPAM Systems Trading Down 0.2 %

EPAM stock opened at $198.18 on Wednesday. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The firm has a market cap of $11.24 billion, a P/E ratio of 25.28, a P/E/G ratio of 3.38 and a beta of 1.51. The business’s 50 day moving average is $239.06 and its 200-day moving average is $222.96. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.21 billion. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Transactions at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 in the last three months. 4.30% of the stock is 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.