Geneva Capital Management LLC Purchases 798 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Geneva Capital Management LLC lifted its position in EPAM Systems, Inc. (NYSE:EPAM) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,107 shares of the information technology services provider’s stock after buying an additional 798 shares during the period. Geneva Capital Management LLC’s holdings in EPAM Systems were worth $19,954,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EPAM. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems during the 4th quarter worth about $25,000. VisionPoint Advisory Group LLC boosted its stake in shares of 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 during the last quarter. Lindbrook Capital LLC boosted its stake in shares of EPAM Systems by 123.3% during the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after buying an additional 90 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of EPAM Systems during the 3rd quarter worth about $46,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of EPAM Systems by 64.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 326 shares of the information technology services provider’s stock worth $97,000 after buying an additional 128 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.6 %

Shares of NYSE:EPAM traded up $2.82 during midday trading on Friday, hitting $184.75. 632,562 shares of the company’s stock were exchanged, compared to its average volume of 549,755. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. The stock has a 50 day moving average price of $268.59 and a 200-day moving average price of $273.14. The company has a market cap of $10.71 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 10.58 and a beta of 1.46. EPAM Systems, Inc. has a 12 month low of $180.28 and a 12 month high of $317.50.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 7.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the sale, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the sale, the senior vice president now owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,820 shares of company stock valued at $5,101,117. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of recent research reports. Piper Sandler reduced their price objective on shares of EPAM Systems from $317.00 to $252.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup cut their target price on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Scotiabank downgraded shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and set a $245.00 target price for the company. in a research note on Friday. JPMorgan Chase & Co. cut their target price 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, Wedbush reiterated an “outperform” rating and issued a $340.00 target price on shares of EPAM Systems in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus price target of $298.27.

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.