Charles Schwab Investment Management Inc. Acquires 6,793 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Charles Schwab Investment Management Inc. raised its stake in EPAM Systems, Inc. (NYSE:EPAM) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 522,144 shares of the information technology services provider’s stock after buying an additional 6,793 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.92% of EPAM Systems worth $122,088,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Metis Global Partners LLC grew its holdings in shares of EPAM Systems by 2.5% during the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after buying an additional 50 shares in the last quarter. First Horizon Advisors Inc. boosted its position in EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in shares of EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after acquiring an additional 60 shares in the last quarter. Empirical Finance LLC lifted its position in shares of EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 67 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of EPAM Systems by 16.4% in the third quarter. Covestor Ltd now owns 490 shares of the information technology services provider’s stock worth $98,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EPAM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Scotiabank dropped their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, February 24th. Jefferies Financial Group decreased their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $268.44.

EPAM Systems Trading Up 1.0 %

Shares of EPAM stock opened at $199.15 on Friday. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a market capitalization of $11.33 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The firm has a 50 day moving average price of $235.66 and a two-hundred day moving average price of $222.74. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results 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 return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, 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 firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred 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 owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is owned by company insiders.

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.