Bryce Point Capital LLC Acquires Shares of 2,215 EPAM Systems, Inc. (NYSE:EPAM)

Bryce Point Capital LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,215 shares of the information technology services provider’s stock, valued at approximately $518,000.

Several other hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its position in shares of EPAM Systems by 4.5% in the third quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider’s stock valued at $463,000 after acquiring an additional 100 shares during the period. Captrust Financial Advisors increased its holdings in EPAM Systems by 70.5% during the 3rd quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider’s stock valued at $1,329,000 after purchasing an additional 2,760 shares during the period. Holocene Advisors LP raised its position in EPAM Systems by 5.2% during the 3rd quarter. Holocene Advisors LP now owns 23,433 shares of the information technology services provider’s stock valued at $4,664,000 after purchasing an additional 1,168 shares during the last quarter. HighTower Advisors LLC lifted its holdings in EPAM Systems by 10.5% in the 3rd quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider’s stock worth $3,684,000 after buying an additional 1,753 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of EPAM Systems by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider’s stock worth $1,337,000 after buying an additional 85 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EPAM. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Morgan Stanley raised their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Barclays lowered their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, 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. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.31.

EPAM Systems Trading Down 7.9 %

Shares of NYSE EPAM opened at $155.79 on Friday. The firm’s 50 day moving average price is $215.24 and its 200-day moving average price is $219.46. EPAM Systems, Inc. has a 52-week low of $152.71 and a 52-week high of $275.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company has a market cap of $8.86 billion, a PE ratio of 19.87, a P/E/G ratio of 3.38 and a beta of 1.61.

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

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.30% of the stock is currently owned by insiders.

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.