Schroder Investment Management Group Has $72.56 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Schroder Investment Management Group raised its position in EPAM Systems, Inc. (NYSE:EPAM) by 15.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,177 shares of the information technology services provider’s stock after acquiring an additional 40,361 shares during the period. Schroder Investment Management Group owned about 0.55% of EPAM Systems worth $72,558,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of EPAM Systems by 1,813.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 142,742 shares of the information technology services provider’s stock worth $33,376,000 after acquiring an additional 135,283 shares during the period. Allstate Corp bought a new position in EPAM Systems during the fourth quarter worth about $393,000. DnB Asset Management AS boosted its holdings in EPAM Systems by 26.4% during the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider’s stock valued at $2,629,000 after purchasing an additional 2,349 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of EPAM Systems by 4.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 27,643 shares of the information technology services provider’s stock valued at $6,463,000 after purchasing an additional 1,185 shares during the period. Finally, Norges Bank acquired a new position in shares of EPAM Systems in the 4th quarter worth approximately $173,053,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $169.00 on Tuesday. The stock has a market capitalization of $9.61 billion, a P/E ratio of 21.56, a P/E/G ratio of 3.38 and a beta of 1.61. 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 1-year low of $164.00 and a 1-year high of $277.04. The business has a 50-day moving average price of $219.75 and a two-hundred day moving average price of $220.51.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data 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 business 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%. Equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of analyst reports. 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. Scotiabank dropped their target price 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. Barclays reduced their price target on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Jefferies Financial Group dropped 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. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.