Illinois Municipal Retirement Fund Boosts Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Illinois Municipal Retirement Fund boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,566 shares of the information technology services provider’s stock after acquiring an additional 3,184 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of EPAM Systems worth $8,550,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EPAM. Creative Planning boosted its holdings in EPAM Systems by 100.8% during the 3rd quarter. Creative Planning now owns 7,178 shares of the information technology services provider’s stock valued at $1,429,000 after acquiring an additional 3,604 shares during the period. Raymond James & Associates raised its position in EPAM Systems by 1,741.1% during the 3rd quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider’s stock valued at $7,303,000 after purchasing an additional 34,701 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in EPAM Systems by 251.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,128 shares of the information technology services provider’s stock valued at $3,807,000 after purchasing an additional 13,690 shares in the last quarter. International Assets Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter valued at $21,787,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in EPAM Systems by 53.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,766 shares of the information technology services provider’s stock valued at $951,000 after purchasing an additional 1,662 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.6 %

EPAM Systems stock opened at $210.60 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 business’s 50-day simple moving average is $242.09 and its two-hundred day simple moving average is $222.67. The company has a market cap of $11.95 billion, a PE ratio of 26.86, a PEG ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.

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 analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents 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 accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock worth $2,129,924 over the last quarter. 4.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EPAM. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley lifted their target price 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, Susquehanna boosted their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.44.

EPAM Systems 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.