EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in EPAM Systems, Inc. (NYSE:EPAM) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,597 shares of the information technology services provider’s stock after acquiring an additional 5,435 shares during the period. American Century Companies Inc.’s holdings in EPAM Systems were worth $4,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems in the fourth quarter valued at about $166,906,000. Manning & Napier Advisors LLC increased its holdings in EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after buying an additional 217,960 shares during the period. Charles Schwab Investment Management Inc. raised its position in EPAM Systems by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider’s stock worth $122,088,000 after buying an additional 6,793 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in EPAM Systems during the 4th quarter valued at approximately $86,699,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock valued at $80,949,000 after acquiring an additional 33,715 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group dropped 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. Scotiabank decreased their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Finally, Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.31.

EPAM Systems Stock Performance

EPAM opened at $144.73 on Friday. The firm’s fifty day simple moving average is $213.08 and its two-hundred day simple moving average is $219.17. EPAM Systems, Inc. has a 52-week low of $144.00 and a 52-week high of $275.49. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 3.38 and a beta of 1.61. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

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

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $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 SEC, which is available at this link. Corporate insiders own 4.30% of the company’s stock.

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.