17,012 Shares in EPAM Systems, Inc. (NYSE:EPAM) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,012 shares of the information technology services provider’s stock, valued at approximately $3,978,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC lifted its position in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares in the last quarter. Versant Capital Management Inc acquired a new position in EPAM Systems during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its position in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 177 shares in the last quarter. Continuum Advisory LLC raised its position in shares of EPAM Systems by 5,240.0% in the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 262 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 57 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of EPAM opened at $182.28 on Monday. The company has a market cap of $10.37 billion, a P/E ratio of 23.25, a PEG ratio of 3.38 and a beta of 1.61. The stock has a fifty day moving average price of $231.08 and a 200 day moving average price of $222.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $301.60.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

EPAM has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and upped their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Jefferies Financial Group cut their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley upped their target price on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $267.33.

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.