EntryPoint Capital LLC Boosts Stake in EPAM Systems, Inc. (NYSE:EPAM)

EntryPoint Capital LLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 19.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,236 shares of the information technology services provider’s stock after acquiring an additional 197 shares during the quarter. EntryPoint Capital LLC’s holdings in EPAM Systems were worth $289,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in EPAM Systems in the fourth quarter valued at approximately $166,906,000. Manning & Napier Advisors LLC increased its position in shares of EPAM Systems by 48.8% in 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 acquiring an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of EPAM Systems by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider’s stock valued at $122,088,000 after acquiring an additional 6,793 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of EPAM Systems during the 4th quarter valued at $86,699,000. Finally, Assenagon Asset Management S.A. increased its holdings in EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock valued at $80,949,000 after purchasing an additional 33,715 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 1.6 %

EPAM Systems stock opened at $174.08 on Friday. The firm has a market capitalization of $9.90 billion, a P/E ratio of 22.20, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a 50-day simple moving average of $222.15 and a 200-day simple moving average of $220.78. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $281.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.

EPAM Systems (NYSE:EPAM) last announced its quarterly 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 firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EPAM shares. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. 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 report on Monday, February 24th. Barclays dropped their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Morgan Stanley lifted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $262.47.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated 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 in the company, 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 at this hyperlink. 4.30% of the stock is owned by company insiders.

About EPAM Systems

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.