Keystone Investors PTE Ltd. Acquires New Stake in EPAM Systems, Inc. (NYSE:EPAM)

Keystone Investors PTE Ltd. 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 & Exchange Commission. The institutional investor bought 6,086 shares of the information technology services provider’s stock, valued at approximately $1,423,000.

A number of other large investors have also made changes to their positions in the company. Quest Partners LLC increased its holdings in EPAM Systems by 36.7% during the third quarter. Quest Partners LLC now owns 645 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 173 shares during the last quarter. Pathstone Holdings LLC grew its holdings in EPAM Systems by 32.6% during the third quarter. Pathstone Holdings LLC now owns 14,249 shares of the information technology services provider’s stock valued at $2,836,000 after purchasing an additional 3,507 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in EPAM Systems in the 3rd quarter worth approximately $291,000. PNC Financial Services Group Inc. lifted its holdings in EPAM Systems by 10.1% during the third quarter. PNC Financial Services Group Inc. now owns 15,448 shares of the information technology services provider’s stock valued at $3,075,000 after purchasing an additional 1,414 shares in the last quarter. Finally, Commerce Bank increased its stake in shares of EPAM Systems by 3.3% in the third quarter. Commerce Bank now owns 3,381 shares of the information technology services provider’s stock worth $673,000 after purchasing an additional 109 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on EPAM. Barclays dropped their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Scotiabank decreased their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group decreased their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $262.47.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 1.9 %

EPAM Systems stock opened at $178.58 on Tuesday. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $281.62. The stock has a 50-day moving average price of $225.24 and a 200 day moving average price of $221.60. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS 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 business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.