Plato Investment Management Ltd Invests $188,000 in EPAM Systems, Inc. (NYSE:EPAM)

Plato Investment Management Ltd acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 803 shares of the information technology services provider’s stock, valued at approximately $188,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of EPAM Systems by 143.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,306 shares of the information technology services provider’s stock valued at $857,000 after purchasing an additional 2,540 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in EPAM Systems by 115.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,083 shares of the information technology services provider’s stock valued at $216,000 after buying an additional 581 shares in the last quarter. US Bancorp DE grew its position in EPAM Systems by 17.4% in the third quarter. US Bancorp DE now owns 9,488 shares of the information technology services provider’s stock valued at $1,888,000 after acquiring an additional 1,404 shares during the last quarter. Farther Finance Advisors LLC raised its stake in EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of EPAM Systems by 11.0% in the third quarter. Van ECK Associates Corp now owns 9,540 shares of the information technology services provider’s stock worth $1,843,000 after acquiring an additional 946 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,300 shares of company stock worth $2,129,924. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EPAM shares. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Susquehanna increased their price target on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Finally, Scotiabank lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.44.

EPAM Systems Stock Performance

NYSE:EPAM opened at $198.18 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a 50 day simple moving average of $239.06 and a two-hundred day simple moving average of $222.96. The company has a market capitalization of $11.24 billion, a PE ratio of 25.28, a P/E/G ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted 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). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems Company 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.