Barlow Wealth Partners Inc. Buys Shares of 44,472 EPAM Systems, Inc. (NYSE:EPAM)

Barlow Wealth Partners Inc. purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 44,472 shares of the information technology services provider’s stock, valued at approximately $13,223,000. EPAM Systems makes up approximately 1.9% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 24th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors L.P. grew its holdings in EPAM Systems by 5.1% during the 3rd quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock worth $7,210,000 after acquiring an additional 1,370 shares in the last quarter. Lone Pine Capital LLC boosted its position in EPAM Systems by 9.2% during the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock valued at $269,556,000 after purchasing an additional 88,641 shares in the last quarter. TD Asset Management Inc boosted its stake in EPAM Systems by 2.5% in the third quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider’s stock valued at $16,127,000 after acquiring an additional 1,558 shares in the last quarter. Flossbach Von Storch AG raised its stake in EPAM Systems by 46.7% in the 4th quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock worth $3,271,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in EPAM Systems during the third quarter valued at approximately $13,402,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EPAM shares. Susquehanna upped their price target on EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. JPMorgan Chase & Co. cut their price target on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Guggenheim started coverage on shares of EPAM Systems in a research note on Tuesday, March 19th. They issued a “buy” rating and a $350.00 price target for the company. Jefferies Financial Group reissued a “hold” rating and issued a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Finally, Barclays lowered their price target on EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.60.

Insiders Place Their Bets

In other news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated 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 in the company, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock worth $5,101,117 over the last quarter. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Trading Down 0.1 %

Shares of EPAM stock traded down $0.34 on Wednesday, reaching $249.20. 817,005 shares of the stock were exchanged, compared to its average volume of 499,588. EPAM Systems, Inc. has a 1-year low of $197.99 and a 1-year high of $317.50. The stock has a market cap of $14.45 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 10.58 and a beta of 1.46. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $272.17 and a two-hundred day moving average of $273.96.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $2.71 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts anticipate that EPAM Systems, Inc. will post 7.7 EPS for the current year.

EPAM Systems 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.