Mackenzie Financial Corp Has $2.65 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Mackenzie Financial Corp reduced its stake in EPAM Systems, Inc. (NYSE:EPAM) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,915 shares of the information technology services provider’s stock after selling 1,115 shares during the quarter. Mackenzie Financial Corp’s holdings in EPAM Systems were worth $2,651,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EPAM. VisionPoint Advisory Group LLC lifted its holdings in shares of EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Lindbrook Capital LLC increased its position in EPAM Systems by 123.3% during the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 90 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in EPAM Systems in the 3rd quarter worth about $45,000. NBC Securities Inc. bought a new stake in EPAM Systems in the 3rd quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC grew its position in shares of EPAM Systems by 46.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 68 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.5 %

Shares of NYSE:EPAM opened at $247.20 on Tuesday. The business’s 50-day moving average is $284.87 and its 200-day moving average is $273.86. EPAM Systems, Inc. has a 1 year low of $197.99 and a 1 year high of $317.50. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 10.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $2.71 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts predict that EPAM Systems, Inc. will post 7.72 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,820 shares of company stock valued at $5,101,117. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPAM. Piper Sandler reiterated an “overweight” rating and issued a $369.00 price target on shares of EPAM Systems in a research report on Monday, March 4th. Wedbush reiterated an “outperform” rating and set a $340.00 target price on shares of EPAM Systems in a research report on Wednesday, April 10th. Needham & Company LLC raised their price target on EPAM Systems from $295.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Finally, Susquehanna raised their target price on shares of EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $328.00.

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.