Duality Advisers LP Boosts Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Duality Advisers LP raised its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 237.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,693 shares of the information technology services provider's stock after buying an additional 4,710 shares during the quarter. Duality Advisers LP's holdings in EPAM Systems were worth $1,990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Vontobel Holding Ltd. raised its stake in EPAM Systems by 1.4% in the third quarter. Vontobel Holding Ltd. now owns 4,003 shares of the information technology services provider's stock valued at $1,024,000 after buying an additional 55 shares during the last quarter. CWM LLC increased its holdings in shares of EPAM Systems by 10.1% in the third quarter. CWM LLC now owns 1,436 shares of the information technology services provider's stock valued at $367,000 after purchasing an additional 132 shares during the period. IFP Advisors Inc acquired a new position in shares of EPAM Systems in the third quarter valued at about $87,000. DnB Asset Management AS acquired a new position in shares of EPAM Systems in the third quarter valued at about $3,567,000. Finally, SG Americas Securities LLC increased its holdings in shares of EPAM Systems by 1,270.9% in the third quarter. SG Americas Securities LLC now owns 13,846 shares of the information technology services provider's stock valued at $3,540,000 after purchasing an additional 12,836 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 owns 12,117 shares in the company, valued at $3,707,802. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems 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 transaction, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock worth $5,101,117 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $0.91 during midday trading on Tuesday, hitting $247.86. The stock had a trading volume of 835,453 shares, compared to its average volume of 489,023. The company has a market capitalization of $14.37 billion, a PE ratio of 35.06, a P/E/G ratio of 10.73 and a beta of 1.44. The stock has a 50 day simple moving average of $284.37 and a 200-day simple moving average of $273.89. EPAM Systems, Inc. has a 1 year low of $197.99 and a 1 year high of $317.50. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EPAM shares. HSBC cut their price objective on EPAM Systems from $350.00 to $345.00 and set a "buy" rating on the stock in a report on Wednesday, April 3rd. Wedbush reaffirmed an "outperform" rating and set a $340.00 target price on shares of EPAM Systems in a report on Wednesday, April 10th. Piper Sandler reaffirmed an "overweight" rating and set a $369.00 target price on shares of EPAM Systems in a report on Monday, March 4th. Mizuho raised their target price on EPAM Systems from $340.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Finally, Citigroup dropped their target price on EPAM Systems from $325.00 to $275.00 and set a "neutral" rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $328.00.

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.