Inceptionr LLC Takes $700,000 Position in EPAM Systems, Inc. (NYSE:EPAM)

Inceptionr LLC purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,992 shares of the information technology services provider’s stock, valued at approximately $700,000.

Other institutional investors also recently modified their holdings of the company. Geneva Capital Management LLC lifted its holdings in shares of EPAM Systems by 6.0% in the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock valued at $14,187,000 after purchasing an additional 4,027 shares in the last quarter. Centre Asset Management LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at about $8,757,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of EPAM Systems in the third quarter valued at about $8,195,000. Oliver Luxxe Assets LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at about $1,889,000. Finally, Victory Capital Management Inc. increased its position in shares of EPAM Systems by 247.6% in the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock valued at $14,419,000 after acquiring an additional 51,603 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock worth $2,129,924 over the last three months. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of recent research reports. 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. Susquehanna lifted their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised 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 report on Friday, December 6th. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.44.

EPAM Systems Trading Up 1.0 %

Shares of EPAM stock opened at $199.15 on Friday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.30 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. The stock has a 50 day simple moving average of $236.45 and a 200 day simple moving average of $222.60. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.