Great West Life Assurance Co. Can Has $647,000 Stake in EPAM Systems Inc (EPAM)

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Great West Life Assurance Co. Can decreased its stake in EPAM Systems Inc (NYSE:EPAM) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,636 shares of the information technology services provider’s stock after selling 867 shares during the period. Great West Life Assurance Co. Can’s holdings in EPAM Systems were worth $647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPAM. BlackRock Inc. grew its holdings in shares of EPAM Systems by 11.9% in the 1st quarter. BlackRock Inc. now owns 3,743,627 shares of the information technology services provider’s stock valued at $428,720,000 after acquiring an additional 398,653 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in EPAM Systems in the 4th quarter valued at about $5,877,000. Deutsche Bank AG lifted its stake in EPAM Systems by 27.8% in the 4th quarter. Deutsche Bank AG now owns 246,132 shares of the information technology services provider’s stock valued at $26,439,000 after purchasing an additional 53,610 shares during the last quarter. Schroder Investment Management Group lifted its stake in EPAM Systems by 23.0% in the 4th quarter. Schroder Investment Management Group now owns 261,611 shares of the information technology services provider’s stock valued at $28,105,000 after purchasing an additional 48,858 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in EPAM Systems by 33.8% in the 4th quarter. Allianz Asset Management GmbH now owns 184,018 shares of the information technology services provider’s stock valued at $19,769,000 after purchasing an additional 46,452 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Shares of EPAM stock opened at $119.95 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.39 and a quick ratio of 5.39. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 39.66, a P/E/G ratio of 1.88 and a beta of 0.95. EPAM Systems Inc has a 12-month low of $77.96 and a 12-month high of $131.75.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The firm had revenue of $424.15 million during the quarter, compared to the consensus estimate of $414.15 million. EPAM Systems had a net margin of 7.33% and a return on equity of 17.45%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. sell-side analysts anticipate that EPAM Systems Inc will post 3.27 EPS for the current fiscal year.

In other news, Director Ronald P. Vargo sold 2,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $125.57, for a total value of $251,140.00. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,541,497.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jason D. Peterson sold 3,120 shares of EPAM Systems stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $129.78, for a total transaction of $404,913.60. Following the completion of the sale, the chief financial officer now owns 10,627 shares of the company’s stock, valued at $1,379,172.06. The disclosure for this sale can be found here. Insiders have sold 23,752 shares of company stock valued at $2,964,021 over the last 90 days. Company insiders own 5.30% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Cowen raised their target price on shares of EPAM Systems from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, May 17th. Berenberg Bank raised their target price on shares of EPAM Systems to $145.00 in a research note on Thursday, May 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Cantor Fitzgerald reiterated a “buy” rating and issued a $139.00 target price on shares of EPAM Systems in a research note on Wednesday, May 9th. Finally, KeyCorp raised their target price on shares of EPAM Systems to $132.00 and gave the company an “overweight” rating in a research note on Monday, May 7th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $125.25.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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