Hillsdale Investment Management Inc. Invests $718,000 in EPAM Systems, Inc. (NYSE:EPAM)

Hillsdale Investment Management Inc. purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,070 shares of the information technology services provider’s stock, valued at approximately $718,000.

A number of other hedge funds also recently modified their holdings of the business. William Blair Investment Management LLC bought a new position in shares of EPAM Systems during the fourth quarter worth about $166,906,000. Teacher Retirement System of Texas bought a new position in shares of EPAM Systems during the fourth quarter worth about $86,699,000. Massachusetts Financial Services Co. MA grew its holdings in shares of EPAM Systems by 643.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after buying an additional 361,363 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after buying an additional 217,960 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after buying an additional 160,989 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $175.64 on Monday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $281.62. The stock has a 50 day moving average of $226.19 and a 200-day moving average of $221.78. The company has a market capitalization of $9.99 billion, a P/E ratio of 22.40, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last issued its earnings results 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). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EPAM shares. Jefferies Financial Group decreased their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley raised their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Scotiabank decreased their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus price target of $262.47.

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.