Inspire Advisors LLC Raises Stake in EPAM Systems, Inc. (NYSE:EPAM)

Inspire Advisors LLC boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,877 shares of the information technology services provider’s stock after acquiring an additional 118 shares during the quarter. Inspire Advisors LLC’s holdings in EPAM Systems were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Farther Finance Advisors LLC boosted its holdings in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the period. Principal Financial Group Inc. boosted its holdings in EPAM Systems by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider’s stock worth $14,066,000 after acquiring an additional 848 shares during the period. Atria Investments Inc boosted its holdings in EPAM Systems by 139.2% in the 3rd quarter. Atria Investments Inc now owns 4,048 shares of the information technology services provider’s stock worth $806,000 after acquiring an additional 2,356 shares during the period. Covestor Ltd boosted its holdings in EPAM Systems by 16.4% in the 3rd quarter. Covestor Ltd now owns 490 shares of the information technology services provider’s stock worth $98,000 after acquiring an additional 69 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of EPAM Systems by 45.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 527 shares of the information technology services provider’s stock valued at $105,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated 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 directly owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

EPAM stock opened at $191.57 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $309.48. The stock’s fifty day moving average is $233.93 and its two-hundred day moving average is $222.80.

EPAM Systems (NYSE:EPAM) last posted its 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). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Morgan Stanley raised their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Scotiabank decreased 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. Finally, Mizuho raised their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.33.

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.