Flossbach Von Storch AG Has $3.27 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Flossbach Von Storch AG increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 46.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the information technology services provider's stock after buying an additional 3,500 shares during the period. Flossbach Von Storch AG's holdings in EPAM Systems were worth $3,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC increased its stake in EPAM Systems by 93.1% during the 1st quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider's stock worth $33,000 after buying an additional 54 shares during the period. Financial Freedom LLC bought a new stake in shares of EPAM Systems in the 4th quarter worth about $34,000. VisionPoint Advisory Group LLC increased its position in shares of EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of EPAM Systems by 123.3% in the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 90 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of EPAM Systems in the 3rd quarter worth about $45,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

EPAM Systems stock traded down $1.75 during midday trading on Thursday, reaching $247.25. 599,321 shares of the stock traded hands, compared to its average volume of 486,850. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $286.55 and a two-hundred day moving average price of $273.38. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 10.94 and a beta of 1.43. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly 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%. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 EPS. On average, equities research analysts forecast that EPAM Systems, Inc. will post 7.72 earnings per share for the current year.

Insider Transactions at EPAM Systems

In other news, EVP Balazs Fejes sold 3,470 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares of the company's stock, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Sergey Yezhkov sold 8,000 shares of the business'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 value of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Balazs Fejes sold 3,470 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. In the last three months, insiders sold 16,820 shares of company stock valued at $5,101,117. Company insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

EPAM has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of EPAM Systems from $250.00 to $236.00 and set an "underweight" rating for the company in a research report on Friday, March 22nd. Mizuho boosted their target price on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. HSBC dropped their target price on shares of EPAM Systems from $350.00 to $345.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Scotiabank raised shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $265.00 to $350.00 in a report on Friday, February 16th. Finally, Stifel Nicolaus lifted their price target on shares of EPAM Systems from $288.00 to $301.00 and gave the company a "buy" rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $331.33.

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.