O Shaughnessy Asset Management LLC Invests $1.38 Million in EPAM Systems, Inc. (NYSE:EPAM)

O Shaughnessy Asset Management LLC bought a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,910 shares of the information technology services provider’s stock, valued at approximately $1,382,000.

Several other hedge funds have also recently added to or reduced their stakes in EPAM. Norges Bank bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $173,053,000. William Blair Investment Management LLC bought a new stake in EPAM Systems in the fourth quarter valued at $166,906,000. Manning & Napier Advisors LLC raised its stake in EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after acquiring an additional 217,960 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of EPAM Systems by 9.8% during the fourth quarter. TD Asset Management Inc. now owns 533,571 shares of the information technology services provider’s stock valued at $124,760,000 after acquiring an additional 47,659 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of EPAM Systems by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider’s stock valued at $122,088,000 after purchasing an additional 6,793 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm’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 sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 7.0 %

NYSE EPAM opened at $144.73 on Friday. EPAM Systems, Inc. has a 12 month low of $144.00 and a 12 month high of $275.49. The stock has a 50-day simple moving average of $213.08 and a 200 day simple moving average of $219.17. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.23 billion, a PE ratio of 18.46, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results 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. Research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

EPAM has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley raised their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. 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 note on Tuesday, January 21st. Finally, Scotiabank lowered their target price 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. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.31.

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.