Leeward Investments LLC MA Makes New $8.85 Million Investment in EPAM Systems, Inc. (NYSE:EPAM)

Leeward Investments LLC MA purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,857 shares of the information technology services provider’s stock, valued at approximately $8,852,000. Leeward Investments LLC MA owned about 0.07% of EPAM Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in EPAM Systems during the fourth quarter worth about $35,000. Manchester Capital Management LLC grew its stake in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 177 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems in the third quarter valued at about $44,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems in the third quarter valued at about $52,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,300 shares of company stock worth $2,129,924 in the last three months. 4.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Citigroup increased their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.83.

EPAM Systems Trading Down 7.2 %

Shares of NYSE EPAM opened at $208.98 on Friday. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $243.56 and its 200 day simple moving average is $222.34.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 EPS 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.