Charles Schwab Investment Management Inc. Buys 17,609 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Charles Schwab Investment Management Inc. lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,211 shares of the information technology services provider's stock after purchasing an additional 17,609 shares during the period. Charles Schwab Investment Management Inc. owned 0.68% of EPAM Systems worth $117,215,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Natixis Advisors L.P. grew its holdings in shares of EPAM Systems by 5.1% during the 3rd quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider's stock worth $7,210,000 after acquiring an additional 1,370 shares during the period. Lone Pine Capital LLC grew its stake in EPAM Systems by 9.2% in the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider's stock worth $269,556,000 after purchasing an additional 88,641 shares during the period. TD Asset Management Inc raised its holdings in EPAM Systems by 2.5% in the third quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider's stock worth $16,127,000 after purchasing an additional 1,558 shares in the last quarter. Flossbach Von Storch AG lifted its position in EPAM Systems by 46.7% during the fourth quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider's stock valued at $3,271,000 after buying an additional 3,500 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of EPAM Systems during the 3rd quarter valued at $13,402,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Buying and Selling at EPAM Systems

In other news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares of the company's stock, valued at approximately $3,857,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated Monday, February 26th. The stock was 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 in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company's stock, valued at $3,857,050.80. 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 in the last three months. Company insiders own 4.30% of the company's stock.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $1.47 during mid-day trading on Friday, hitting $183.40. 1,891,365 shares of the company's stock traded hands, compared to its average volume of 728,899. The company has a market capitalization of $10.64 billion, a P/E ratio of 25.09, a PEG ratio of 8.02 and a beta of 1.46. EPAM Systems, Inc. has a 1 year low of $180.28 and a 1 year high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.79. The company's 50-day moving average is $266.12 and its two-hundred day moving average is $273.64.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. On average, equities analysts anticipate that EPAM Systems, Inc. will post 7.7 EPS for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the topic of several analyst reports. Guggenheim initiated coverage on EPAM Systems in a report on Tuesday, March 19th. They issued a "buy" rating and a $350.00 target price on the stock. HSBC reduced their target price on EPAM Systems from $350.00 to $345.00 and set a "buy" rating for the company in a report on Wednesday, April 3rd. Scotiabank cut shares of EPAM Systems from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $300.00 to $245.00 in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of EPAM Systems from $331.00 to $311.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price objective on shares of EPAM Systems from $288.00 to $301.00 and gave the company a "buy" rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.31.

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.