EPAM Systems Inc (EPAM) Stake Raised by Highland Capital Management LP

Highland Capital Management LP grew its position in shares of EPAM Systems Inc (NYSE:EPAM) by 22.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,000 shares of the information technology services provider’s stock after buying an additional 18,000 shares during the quarter. Highland Capital Management LP owned 0.19% of EPAM Systems worth $11,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in EPAM Systems by 8.2% in the fourth quarter. Amalgamated Bank now owns 6,779 shares of the information technology services provider’s stock worth $728,000 after purchasing an additional 515 shares during the last quarter. American International Group Inc. boosted its holdings in EPAM Systems by 1.8% in the fourth quarter. American International Group Inc. now owns 33,568 shares of the information technology services provider’s stock worth $3,606,000 after purchasing an additional 593 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in EPAM Systems by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 37,632 shares of the information technology services provider’s stock worth $4,043,000 after purchasing an additional 662 shares during the last quarter. Denver Investment Advisors LLC boosted its holdings in EPAM Systems by 4.2% in the first quarter. Denver Investment Advisors LLC now owns 16,690 shares of the information technology services provider’s stock worth $1,911,000 after purchasing an additional 675 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in EPAM Systems by 20.8% in the fourth quarter. Raymond James & Associates now owns 4,332 shares of the information technology services provider’s stock worth $465,000 after purchasing an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.

Shares of EPAM Systems stock opened at $125.73 on Thursday. The firm has a market cap of $6.73 billion, a PE ratio of 44.12, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. EPAM Systems Inc has a 1-year low of $77.96 and a 1-year high of $131.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.39 and a current ratio of 5.39.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The business had revenue of $424.15 million for the quarter, compared to analysts’ expectations of $414.15 million. EPAM Systems had a net margin of 7.33% and a return on equity of 17.45%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. equities analysts expect that EPAM Systems Inc will post 3.27 EPS for the current fiscal year.

EPAM has been the topic of several research reports. Berenberg Bank raised their target price on shares of EPAM Systems to $145.00 in a report on Thursday, May 10th. They noted that the move was a valuation call. ValuEngine upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Cantor Fitzgerald raised their target price on shares of EPAM Systems to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 19th. Finally, KeyCorp raised their target price on shares of EPAM Systems to $132.00 and gave the stock an “overweight” rating in a report on Monday, May 7th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $125.25.

In other news, CFO Jason D. Peterson sold 3,120 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $129.78, for a total transaction of $404,913.60. Following the sale, the chief financial officer now directly owns 10,627 shares in the company, valued at approximately $1,379,172.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Elaina Shekhter sold 6,700 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $123.98, for a total transaction of $830,666.00. Following the sale, the senior vice president now owns 18,186 shares in the company, valued at $2,254,700.28. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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

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