EPAM Systems Inc (NYSE:EPAM) Position Boosted by State of Wisconsin Investment Board

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State of Wisconsin Investment Board boosted its holdings in EPAM Systems Inc (NYSE:EPAM) by 7.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 89,257 shares of the information technology services provider’s stock after purchasing an additional 6,375 shares during the quarter. State of Wisconsin Investment Board’s holdings in EPAM Systems were worth $15,096,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EPAM. NumerixS Investment Technologies Inc acquired a new position in EPAM Systems in the first quarter valued at $34,000. Penserra Capital Management LLC acquired a new position in EPAM Systems in the first quarter valued at $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in EPAM Systems in the first quarter valued at $85,000. Meeder Asset Management Inc. boosted its stake in EPAM Systems by 1,227.5% in the first quarter. Meeder Asset Management Inc. now owns 677 shares of the information technology services provider’s stock valued at $115,000 after acquiring an additional 626 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in EPAM Systems in the fourth quarter valued at $123,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on EPAM shares. VTB Capital downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “strong-buy” rating and set a $170.00 target price for the company in a research note on Wednesday, February 13th. JPMorgan Chase & Co. increased their target price on shares of EPAM Systems to $167.00 and gave the stock an “overweight” rating in a research note on Friday, February 15th. Finally, Wedbush reiterated an “outperform” rating and set a $180.00 target price (up previously from $158.00) on shares of EPAM Systems in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $160.00.

In other news, CEO Arkadiy Dobkin sold 25,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $168.71, for a total transaction of $4,217,750.00. Following the completion of the sale, the chief executive officer now owns 1,738,490 shares in the company, valued at $293,300,647.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gary C. Abrahams sold 361 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $177.16, for a total transaction of $63,954.76. Following the transaction, the vice president now directly owns 2,710 shares of the company’s stock, valued at $480,103.60. The disclosure for this sale can be found here. Insiders have sold 287,740 shares of company stock valued at $50,035,540 in the last quarter. Insiders own 5.40% of the company’s stock.

Shares of EPAM traded up $0.43 during mid-day trading on Wednesday, hitting $177.88. 6,829 shares of the company’s stock were exchanged, compared to its average volume of 391,508. EPAM Systems Inc has a fifty-two week low of $104.77 and a fifty-two week high of $180.55. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.13 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.41 and a current ratio of 4.41.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.33. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The business had revenue of $521.30 million during the quarter, compared to the consensus estimate of $519.11 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts forecast that EPAM Systems Inc will post 4.24 EPS for the current year.

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EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, 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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