International Assets Investment Management LLC Invests $663.08 Million in EPAM Systems, Inc. (NYSE:EPAM)

International Assets Investment Management LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 223,005 shares of the information technology services provider's stock, valued at approximately $663,080,000. International Assets Investment Management LLC owned about 0.39% of EPAM Systems as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in shares of EPAM Systems by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,930 shares of the information technology services provider's stock worth $4,737,000 after buying an additional 133 shares during the last quarter. Veracity Capital LLC purchased a new position in shares of EPAM Systems in the 4th quarter worth approximately $228,000. Norris Perne & French LLP MI boosted its stake in shares of EPAM Systems by 2.2% in the 4th quarter. Norris Perne & French LLP MI now owns 40,402 shares of the information technology services provider's stock worth $12,013,000 after buying an additional 864 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of EPAM Systems by 3,684.6% in the 4th quarter. AdvisorNet Financial Inc now owns 492 shares of the information technology services provider's stock worth $146,000 after buying an additional 479 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd purchased a new position in shares of EPAM Systems in the 4th quarter worth approximately $10,058,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wolfe Research upgraded EPAM Systems from a "peer perform" rating to an "outperform" rating and set a $355.00 price objective on the stock in a research note on Thursday, January 4th. Jefferies Financial Group reissued a "hold" rating and set a $295.00 target price on shares of EPAM Systems in a report on Thursday, January 11th. Scotiabank raised shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $265.00 to $350.00 in a report on Friday, February 16th. Susquehanna boosted their target price on shares of EPAM Systems from $300.00 to $360.00 and gave the company a "positive" rating in a report on Friday, February 16th. Finally, Citigroup boosted their target price on shares of EPAM Systems from $312.00 to $325.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average price target of $331.33.

EPAM Systems Trading Down 0.6 %

NYSE EPAM traded down $1.50 during trading on Friday, hitting $264.36. 289,110 shares of the company's stock traded hands, compared to its average volume of 459,783. The stock has a fifty day moving average of $291.35 and a two-hundred day moving average of $273.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. EPAM Systems, Inc. has a 12-month low of $197.99 and a 12-month high of $317.50. The firm has a market cap of $15.29 billion, a P/E ratio of 37.39, a PEG ratio of 11.59 and a beta of 1.43.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.24. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. EPAM Systems's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 earnings per share. As a group, sell-side analysts expect that EPAM Systems, Inc. will post 7.72 EPS for the current year.

Insider Buying and Selling

In related news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the transaction, the senior vice president now directly owns 12,770 shares of the company's stock, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the transaction, the senior vice president now owns 12,770 shares of the company's stock, valued at $3,857,050.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares of the company's stock, valued at approximately $3,707,802. The disclosure for this sale can be found here. Insiders sold a total of 16,820 shares of company stock valued at $5,101,117 over the last three months. Corporate insiders own 3.20% of the company's stock.

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.