Arvin Capital Management LP Has $14.53 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Arvin Capital Management LP raised its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,145 shares of the information technology services provider's stock after acquiring an additional 11,187 shares during the quarter. EPAM Systems comprises approximately 4.1% of Arvin Capital Management LP's holdings, making the stock its 9th largest position. Arvin Capital Management LP owned about 0.11% of EPAM Systems worth $14,531,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after buying an additional 125 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc bought a new stake in EPAM Systems during the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC grew its position 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 purchasing an additional 177 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EPAM. Barclays lowered their target price on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday. Guggenheim dropped their target price on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley increased their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and an average target price of $235.56.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $1.17 during midday trading on Friday, reaching $159.20. 440,733 shares of the company traded hands, compared to its average volume of 693,733. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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 stock's 50-day simple moving average is $175.93 and its 200-day simple moving average is $213.59. The firm has a market cap of $9.09 billion, a PE ratio of 20.31, a PEG ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.25 billion for 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%. As a group, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.