Kestra Advisory Services LLC Purchases 41 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Kestra Advisory Services LLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,002 shares of the information technology services provider’s stock after purchasing an additional 41 shares during the quarter. Kestra Advisory Services LLC’s holdings in EPAM Systems were worth $397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lindbrook Capital LLC lifted its position in EPAM Systems by 53.7% in the 1st quarter. Lindbrook Capital LLC now owns 63 shares of the information technology services provider’s stock worth $25,000 after buying an additional 22 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of EPAM Systems by 9.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 318 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 28 shares during the last quarter. Bristlecone Advisors LLC lifted its holdings in shares of EPAM Systems by 3.2% in the 1st quarter. Bristlecone Advisors LLC now owns 926 shares of the information technology services provider’s stock worth $367,000 after acquiring an additional 29 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of EPAM Systems by 19.9% in the 4th quarter. Jacobi Capital Management LLC now owns 205 shares of the information technology services provider’s stock valued at $73,000 after purchasing an additional 34 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of EPAM Systems by 58.6% during the 1st quarter. Parallel Advisors LLC now owns 92 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

In other news, CMO Elaina Shekhter sold 11,744 shares of the stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $485.02, for a total value of $5,696,074.88. Also, CFO Jason D. Peterson sold 3,429 shares of the firm’s stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $445.54, for a total value of $1,527,756.66. Following the completion of the transaction, the chief financial officer now owns 11,154 shares of the company’s stock, valued at approximately $4,969,553.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,948 shares of company stock valued at $35,058,199. Corporate insiders own 4.80% of the company’s stock.

Several analysts have issued reports on the stock. VTB Capital restated a “hold” rating and set a $425.00 price target on shares of EPAM Systems in a research report on Monday, April 19th. Morgan Stanley boosted their target price on EPAM Systems from $467.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. Wells Fargo & Company raised their price target on EPAM Systems from $395.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, February 19th. Citigroup boosted their price objective on EPAM Systems from $415.00 to $440.00 in a research report on Friday, February 19th. Finally, Needham & Company LLC increased their price objective on EPAM Systems from $460.00 to $525.00 and gave the company a “buy” rating in a research note on Thursday, May 6th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. EPAM Systems has a consensus rating of “Buy” and an average target price of $445.50.

NYSE EPAM opened at $505.63 on Friday. The stock has a market cap of $28.52 billion, a PE ratio of 84.41, a P/E/G ratio of 3.28 and a beta of 1.38. EPAM Systems, Inc. has a fifty-two week low of $225.70 and a fifty-two week high of $506.81. The stock has a 50 day simple moving average of $456.15. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, May 6th. The information technology services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. The company had revenue of $780.80 million during the quarter, compared to the consensus estimate of $763.88 million. EPAM Systems had a return on equity of 18.17% and a net margin of 12.57%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Equities analysts forecast that EPAM Systems, Inc. will post 6.5 EPS for the current year.

EPAM Systems Profile

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast 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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