Nicolet Advisory Services LLC Buys 635 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Nicolet Advisory Services LLC increased its stake in EPAM Systems, Inc. (NYSE:EPAM) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,796 shares of the information technology services provider’s stock after buying an additional 635 shares during the period. Nicolet Advisory Services LLC’s holdings in EPAM Systems were worth $631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Centre Asset Management LLC bought a new stake in EPAM Systems during the fourth quarter worth about $8,757,000. Oliver Luxxe Assets LLC bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $1,889,000. iA Global Asset Management Inc. grew its stake in shares of EPAM Systems by 165.2% in the 3rd quarter. iA Global Asset Management Inc. now owns 3,700 shares of the information technology services provider’s stock worth $736,000 after buying an additional 2,305 shares during the last quarter. Merit Financial Group LLC bought a new position in EPAM Systems during the 4th quarter valued at approximately $245,000. Finally, DnB Asset Management AS increased its position in EPAM Systems by 26.4% during the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider’s stock valued at $2,629,000 after buying an additional 2,349 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EPAM. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Morgan Stanley increased their price objective on shares of 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 report on Thursday, February 20th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank decreased their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and an average target price of $257.31.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Stock Down 7.9 %

EPAM stock opened at $155.79 on Friday. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 3.38 and a beta of 1.61. 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 business’s 50-day moving average is $215.24 and its two-hundred day moving average is $219.46. EPAM Systems, Inc. has a fifty-two week low of $152.71 and a fifty-two week high of $275.49.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share 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 return on equity of 14.60% and a net margin of 9.61%. As a group, analysts forecast that EPAM Systems, Inc. will post 8.9 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.