Public Employees Retirement System of Ohio Raises Stake in EPAM Systems Inc (NYSE:EPAM)

Public Employees Retirement System of Ohio raised its holdings in EPAM Systems Inc (NYSE:EPAM) by 37.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,028 shares of the information technology services provider’s stock after purchasing an additional 11,283 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of EPAM Systems worth $7,480,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EPAM. Vanguard Group Inc. boosted its holdings in shares of EPAM Systems by 1.3% in the second quarter. Vanguard Group Inc. now owns 4,743,727 shares of the information technology services provider’s stock valued at $821,140,000 after acquiring an additional 59,165 shares in the last quarter. BlackRock Inc. boosted its stake in shares of EPAM Systems by 24.4% in the second quarter. BlackRock Inc. now owns 2,857,844 shares of the information technology services provider’s stock valued at $494,692,000 after buying an additional 560,378 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in EPAM Systems by 1.5% during the second quarter. JPMorgan Chase & Co. now owns 2,701,508 shares of the information technology services provider’s stock worth $467,170,000 after acquiring an additional 39,168 shares during the period. Invesco Ltd. raised its position in EPAM Systems by 68.6% in the second quarter. Invesco Ltd. now owns 2,337,667 shares of the information technology services provider’s stock worth $404,650,000 after acquiring an additional 950,958 shares in the last quarter. Finally, State Street Corp lifted its holdings in EPAM Systems by 0.6% in the third quarter. State Street Corp now owns 1,084,205 shares of the information technology services provider’s stock valued at $197,672,000 after acquiring an additional 5,958 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on EPAM. Needham & Company LLC increased their target price on shares of EPAM Systems from $220.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Cowen restated an “outperform” rating and issued a $225.00 price target (up previously from $215.00) on shares of EPAM Systems in a report on Friday, November 22nd. ValuEngine downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a report on Wednesday, August 14th. Finally, Barclays started coverage on EPAM Systems in a research report on Friday, September 20th. They set an “overweight” rating and a $214.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. EPAM Systems presently has a consensus rating of “Buy” and a consensus target price of $199.00.

Shares of NYSE:EPAM opened at $205.05 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.38 and a current ratio of 4.38. The business’s fifty day moving average price is $192.64 and its two-hundred day moving average price is $185.33. The stock has a market cap of $11.65 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49. EPAM Systems Inc has a one year low of $104.77 and a one year high of $214.85.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 7th. The information technology services provider reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.06. The company had revenue of $588.10 million for the quarter, compared to analyst estimates of $579.82 million. EPAM Systems had a net margin of 11.38% and a return on equity of 18.44%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. As a group, equities research analysts predict that EPAM Systems Inc will post 4.43 earnings per share for the current fiscal year.

In other news, CFO Jason D. Peterson sold 2,800 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $197.60, for a total transaction of $553,280.00. Following the completion of the sale, the chief financial officer now owns 14,804 shares in the company, valued at approximately $2,925,270.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Elaina Shekhter sold 4,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $207.04, for a total transaction of $828,160.00. Following the sale, the chief marketing officer now directly owns 11,659 shares of the company’s stock, valued at approximately $2,413,879.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,742 shares of company stock worth $12,396,311. Insiders own 5.40% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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

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