Mitsubishi UFJ Asset Management Co. Ltd. Purchases 6,701 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,153 shares of the information technology services provider's stock after acquiring an additional 6,701 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of EPAM Systems worth $16,720,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems in the 4th quarter valued at $25,000. VisionPoint Advisory Group LLC lifted its position in EPAM Systems by 103.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider's stock worth $35,000 after buying an additional 69 shares in the last quarter. Principal Securities Inc. acquired a new position in EPAM Systems during the 4th quarter worth about $43,000. Westpac Banking Corp grew its holdings in EPAM Systems by 151.4% during the 4th quarter. Westpac Banking Corp now owns 176 shares of the information technology services provider's stock worth $52,000 after acquiring an additional 106 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of EPAM Systems in the third quarter worth about $46,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPAM. Wolfe Research lowered shares of EPAM Systems from an "outperform" rating to a "peer perform" rating in a report on Friday. Stifel Nicolaus upped their price target on EPAM Systems from $288.00 to $301.00 and gave the company a "buy" rating in a research note on Monday, February 12th. HSBC dropped their price objective on EPAM Systems from $350.00 to $345.00 and set a "buy" rating for the company in a report on Wednesday, April 3rd. Susquehanna raised their target price on shares of EPAM Systems from $300.00 to $360.00 and gave the company a "positive" rating in a research note on Friday, February 16th. Finally, Needham & Company LLC lowered their price target on shares of EPAM Systems from $350.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of "Hold" and an average price target of $282.81.

EPAM Systems Trading Down 0.7 %

Shares of EPAM traded down $1.34 during trading hours on Friday, reaching $187.80. The stock had a trading volume of 808,983 shares, compared to its average volume of 995,732. The company has a market cap of $10.89 billion, a P/E ratio of 25.69, a P/E/G ratio of 4.44 and a beta of 1.46. EPAM Systems, Inc. has a 52 week low of $180.28 and a 52 week high of $317.50. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $254.05 and a 200 day moving average of $272.36.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. On average, sell-side analysts expect that EPAM Systems, Inc. will post 7.69 earnings per share for the current fiscal year.

Insider Buying and Selling at EPAM Systems

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 transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares in the company, valued at approximately $4,025,934.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the company'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 transaction, the executive vice president now owns 13,334 shares of the company's stock, valued at approximately $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems 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 sale, the senior vice president now owns 12,770 shares in the company, valued at $3,857,050.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is currently owned by corporate insiders.

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.