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

Creekmur Asset Management LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, Holdings Channel.com reports. The firm bought 2,659 shares of the information technology services provider’s stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. Aurora Investment Counsel lifted its holdings in shares of EPAM Systems by 0.7% during the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after purchasing an additional 45 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of EPAM Systems by 0.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock worth $3,655,000 after purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares during the period. SkyView Investment Advisors LLC boosted its holdings in EPAM Systems by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after purchasing an additional 60 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its position in EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.9 %

EPAM Systems stock opened at $167.40 on Wednesday. The firm has a market capitalization of $9.52 billion, a P/E ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 1.61. 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, Inc. has a twelve month low of $164.00 and a twelve month high of $275.49. The stock’s fifty day simple moving average is $218.35 and its 200-day simple moving average is $220.27.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (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 during the quarter, compared to analyst estimates of $1.21 billion. As a group, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Scotiabank reduced their price target on shares of 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. Morgan Stanley lifted their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Barclays reduced their target price on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Jefferies Financial Group dropped 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 research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.47.

About EPAM Systems

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.