Vinva Investment Management Ltd Invests $1.89 Million in EPAM Systems, Inc. (NYSE:EPAM)

Vinva Investment Management Ltd purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,032 shares of the information technology services provider’s stock, valued at approximately $1,885,000.

Several other large investors have also bought and sold shares of the company. Aurora Investment Counsel boosted its stake in 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 valued at $1,427,000 after buying an additional 45 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 54 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after buying an additional 57 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of EPAM Systems by 3.0% in the 3rd 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 period. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of EPAM Systems by 4.9% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 69 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EPAM shares. Barclays decreased their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Morgan Stanley increased their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average target price of $262.47.

EPAM Systems Stock Down 4.8 %

EPAM opened at $172.26 on Friday. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $288.13. The business has a 50-day moving average of $227.19 and a 200-day moving average of $221.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company has a market capitalization of $9.80 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity

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