Tokio Marine Asset Management Co. Ltd. Increases Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,600 shares of the information technology services provider’s stock after acquiring an additional 100 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in EPAM Systems were worth $476,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its holdings in 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 during the period. Lindbrook Capital LLC lifted its holdings 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 buying an additional 90 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in EPAM Systems during the third quarter worth $45,000. NBC Securities Inc. purchased a new stake in shares of EPAM Systems during the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC lifted its holdings 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 valued at $55,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EPAM. Wedbush reiterated an “outperform” rating and set a $340.00 price objective on shares of EPAM Systems in a report on Wednesday, April 10th. JPMorgan Chase & Co. increased their price objective on EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Wolfe Research upgraded EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price objective for the company in a report on Thursday, January 4th. Jefferies Financial Group reiterated a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a report on Thursday, January 11th. Finally, Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $265.00 to $350.00 in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.93.

Insider Activity

In other news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction dated 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the firm’s 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 completion of 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. Insiders have sold 16,820 shares of company stock worth $5,101,117 in the last ninety days. Company insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM opened at $237.75 on Friday. The business’s 50-day moving average is $280.94 and its two-hundred day moving average is $273.37. The company has a market capitalization of $13.79 billion, a P/E ratio of 33.63, a P/E/G ratio of 10.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, beating 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 firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $2.71 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts predict that EPAM Systems, Inc. will post 7.72 earnings per share for the current year.

About EPAM Systems

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.