Daiwa Securities Group Inc. Has $1.76 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Daiwa Securities Group Inc. increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 5.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,510 shares of the information technology services provider’s stock after acquiring an additional 421 shares during the period. Daiwa Securities Group Inc.’s holdings in EPAM Systems were worth $1,756,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EPAM. Manning & Napier Advisors LLC lifted its holdings in shares of EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after purchasing an additional 217,960 shares during the period. Charles Schwab Investment Management Inc. raised its position in EPAM Systems by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider’s stock worth $122,088,000 after purchasing an additional 6,793 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after buying an additional 361,363 shares during the period. Assenagon Asset Management S.A. grew its position in shares of EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock valued at $80,949,000 after buying an additional 33,715 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of EPAM Systems by 3.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider’s stock valued at $61,400,000 after buying an additional 8,959 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Scotiabank reduced their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Morgan Stanley upped their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.33.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $182.28 on Friday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $232.05 and a two-hundred day simple moving average of $222.26. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $302.19. The firm has a market capitalization of $10.37 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.