EPAM Systems Inc (NYSE:EPAM) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in shares of EPAM Systems Inc (NYSE:EPAM) by 35.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,586 shares of the information technology services provider’s stock after purchasing an additional 2,255 shares during the quarter. State of Alaska Department of Revenue’s holdings in EPAM Systems were worth $1,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in EPAM Systems by 2.7% during the third quarter. Vanguard Group Inc. now owns 4,447,536 shares of the information technology services provider’s stock worth $612,425,000 after acquiring an additional 117,376 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of EPAM Systems in the fourth quarter worth about $336,000. Utah Retirement Systems boosted its position in shares of EPAM Systems by 1.1% in the fourth quarter. Utah Retirement Systems now owns 9,500 shares of the information technology services provider’s stock worth $1,102,000 after buying an additional 100 shares during the period. Strs Ohio boosted its position in shares of EPAM Systems by 37.7% in the fourth quarter. Strs Ohio now owns 125,437 shares of the information technology services provider’s stock worth $14,551,000 after buying an additional 34,334 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of EPAM Systems by 11.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 6,337 shares of the information technology services provider’s stock worth $735,000 after buying an additional 660 shares during the period. Institutional investors own 93.51% of the company’s stock.

In other news, SVP Boris Shnayder sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $159.90, for a total value of $2,398,500.00. Following the sale, the senior vice president now directly owns 37,508 shares of the company’s stock, valued at $5,997,529.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald P. Vargo sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $159.64, for a total value of $319,280.00. Following the completion of the sale, the director now directly owns 10,276 shares in the company, valued at $1,640,460.64. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Shares of EPAM Systems stock traded up $1.35 during midday trading on Friday, hitting $171.14. The company’s stock had a trading volume of 504,124 shares, compared to its average volume of 353,052. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.02. EPAM Systems Inc has a 1-year low of $104.77 and a 1-year high of $180.55. The stock has a market cap of $9.27 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.33. EPAM Systems had a return on equity of 20.17% and a net margin of 12.19%. The business had revenue of $521.30 million during the quarter, compared to analyst estimates of $519.11 million. During the same period last year, the company earned $0.93 earnings per share. EPAM Systems’s quarterly revenue was up 22.9% compared to the same quarter last year. Analysts expect that EPAM Systems Inc will post 4.18 EPS for the current fiscal year.

A number of research analysts recently commented on EPAM shares. Zacks Investment Research downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, January 28th. VTB Capital cut EPAM Systems from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. JPMorgan Chase & Co. upped their price objective on EPAM Systems to $167.00 and gave the company an “overweight” rating in a research note on Friday, February 15th. KeyCorp upped their price objective on EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. Finally, SunTrust Banks upped their price objective on EPAM Systems to $165.00 and gave the company a “buy” rating in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $157.90.

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EPAM Systems Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

Further Reading: Strike Price

Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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