Skandinaviska Enskilda Banken AB publ Buys 500 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Skandinaviska Enskilda Banken AB publ raised its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,237 shares of the information technology services provider’s stock after buying an additional 500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in EPAM Systems were worth $2,872,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the fourth quarter valued at about $35,000. Manchester Capital Management LLC grew its position in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter. Continuum Advisory LLC grew its position in shares of EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of EPAM Systems by 21.3% in the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 57 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Performance

EPAM stock opened at $182.28 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company has a 50 day moving average price of $231.08 and a 200 day moving average price of $222.49. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $301.60. The stock has a market capitalization of $10.37 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EPAM. Scotiabank lowered their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Morgan Stanley lifted their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Barclays decreased their target price on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Seven 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $267.33.

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.