Quantessence Capital LLC Invests $739,000 in EPAM Systems, Inc. (NYSE:EPAM)

Quantessence Capital LLC purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,160 shares of the information technology services provider's stock, valued at approximately $739,000.

Several other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after buying an additional 125 shares in the last quarter. TD Private Client Wealth LLC increased its stake in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc bought a new stake in shares of EPAM Systems during the 4th quarter valued at $35,000. Finally, Manchester Capital Management LLC increased its position in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.30% of the company's stock.

EPAM Systems Trading Up 0.7 %

NYSE EPAM traded up $1.17 on Friday, hitting $159.20. The company's stock had a trading volume of 440,733 shares, compared to its average volume of 693,733. The firm has a market cap of $9.09 billion, a PE ratio of 20.31, a PEG ratio of 3.38 and a beta of 1.69. The company's 50-day moving average is $175.93 and its 200 day moving average is $213.45. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EPAM shares. Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Jefferies Financial Group reduced their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Susquehanna cut their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday. Finally, Guggenheim decreased their price target on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.56.

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.