Avalon Advisors LLC lifted its position in shares of EPAM Systems Inc (NYSE:EPAM) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,933 shares of the information technology services provider’s stock after acquiring an additional 813 shares during the period. Avalon Advisors LLC’s holdings in EPAM Systems were worth $2,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Utah Retirement Systems grew its position in EPAM Systems by 1.1% in the 4th quarter. Utah Retirement Systems now owns 9,500 shares of the information technology services provider’s stock worth $1,102,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue grew its position in EPAM Systems by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 6,331 shares of the information technology services provider’s stock worth $734,000 after purchasing an additional 117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in EPAM Systems by 3.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,370 shares of the information technology services provider’s stock worth $507,000 after purchasing an additional 143 shares during the period. Renaissance Group LLC grew its position in EPAM Systems by 4.1% in the 4th quarter. Renaissance Group LLC now owns 4,476 shares of the information technology services provider’s stock worth $519,000 after purchasing an additional 178 shares during the period. Finally, M&T Bank Corp grew its position in EPAM Systems by 14.1% in the 4th quarter. M&T Bank Corp now owns 2,001 shares of the information technology services provider’s stock worth $233,000 after purchasing an additional 247 shares during the period. 93.57% of the stock is owned by institutional investors.

In other news, Director Ronald P. Vargo sold 2,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $159.64, for a total transaction of $319,280.00. Following the completion of the sale, the director now owns 10,276 shares of the company’s stock, valued at approximately $1,640,460.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Boris Shnayder sold 15,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $159.90, for a total transaction of $2,398,500.00. Following the sale, the senior vice president now directly owns 37,508 shares of the company’s stock, valued at approximately $5,997,529.20. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.

Shares of EPAM stock opened at $169.47 on Friday. EPAM Systems Inc has a 1 year low of $104.77 and a 1 year high of $169.69. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.02. The firm has a market cap of $9.18 billion, a PE ratio of 43.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 14th. The information technology services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.24. EPAM Systems had a net margin of 13.04% and a return on equity of 19.23%. The firm had revenue of $504.90 million during the quarter, compared to the consensus estimate of $501.43 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, sell-side analysts forecast that EPAM Systems Inc will post 4.19 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Monday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of EPAM Systems to $167.00 and gave the stock an “overweight” rating in a research report on Friday, February 15th. VTB Capital downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Wedbush lifted their target price on shares of EPAM Systems from $150.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, KeyCorp lifted their target price on shares of EPAM Systems from $144.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. EPAM Systems currently has a consensus rating of “Buy” and a consensus price target of $153.08.

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About EPAM Systems

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.

Further Reading: Cost of Debt

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

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