EPAM Systems, Inc. (EPAM) Shares Bought by Morgan Stanley

Morgan Stanley boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 21.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,461,697 shares of the information technology services provider’s stock after buying an additional 600,775 shares during the period. Morgan Stanley owned 6.76% of EPAM Systems worth $261,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in shares of EPAM Systems during the first quarter valued at about $23,730,000. Renaissance Technologies LLC purchased a new position in shares of EPAM Systems during the fourth quarter valued at about $2,855,000. Swiss National Bank boosted its position in shares of EPAM Systems by 0.9% in the first quarter. Swiss National Bank now owns 75,962 shares of the information technology services provider’s stock valued at $5,737,000 after buying an additional 700 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of EPAM Systems by 23.6% in the first quarter. GW&K Investment Management LLC now owns 561,695 shares of the information technology services provider’s stock valued at $42,419,000 after buying an additional 107,151 shares in the last quarter. Finally, State Street Corp boosted its position in shares of EPAM Systems by 1.4% in the fourth quarter. State Street Corp now owns 885,457 shares of the information technology services provider’s stock valued at $56,943,000 after buying an additional 11,804 shares in the last quarter. Hedge funds and other institutional investors own 97.75% of the company’s stock.

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

Shares of EPAM Systems, Inc. (NYSE:EPAM) traded up 1.16% during trading on Monday, reaching $83.56. The company’s stock had a trading volume of 185,319 shares. EPAM Systems, Inc. has a one year low of $54.53 and a one year high of $86.97. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 44.92 and a beta of 0.93. The company has a 50-day moving average price of $81.89 and a 200-day moving average price of $72.47.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, May 4th. The information technology services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. EPAM Systems had a return on equity of 11.70% and a net margin of 8.11%. The business had revenue of $324.65 million during the quarter, compared to analysts’ expectations of $316.64 million. During the same period in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, equities research analysts forecast that EPAM Systems, Inc. will post $3.43 earnings per share for the current fiscal year.

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A number of analysts recently commented on EPAM shares. Monness Crespi & Hardt raised their price target on EPAM Systems from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, March 9th. Barclays PLC reaffirmed a “buy” rating on shares of EPAM Systems in a research note on Sunday, February 19th. Credit Suisse Group started coverage on EPAM Systems in a research note on Friday, April 7th. They issued an “outperform” rating and a $90.00 price target for the company. Zacks Investment Research raised EPAM Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target (up previously from $82.00) on shares of EPAM Systems in a research note on Friday, May 5th. Nine research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $86.25.

In related news, SVP Balazs Fejes sold 34,234 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $84.76, for a total transaction of $2,901,673.84. Following the completion of the sale, the senior vice president now directly owns 48,467 shares in the company, valued at approximately $4,108,062.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elaina Shekhter sold 2,875 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $80.63, for a total value of $231,811.25. Following the sale, the insider now owns 12,219 shares of the company’s stock, valued at $985,217.97. The disclosure for this sale can be found here. Insiders have sold a total of 103,164 shares of company stock valued at $8,437,796 over the last 90 days. 6.17% of the stock is currently owned by company insiders.

EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

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