BCK Capital Management LP Purchases Shares of 8,993 EPAM Systems, Inc. (NYSE:EPAM)

BCK Capital Management LP acquired a new stake in EPAM Systems, Inc. (NYSE:EPAMGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,993 shares of the information technology services provider’s stock, valued at approximately $2,667,000. EPAM Systems makes up approximately 1.6% of BCK Capital Management LP’s portfolio, making the stock its 16th largest holding.

Several other hedge funds also recently modified their holdings of the stock. FinTrust Capital Advisors LLC grew its holdings in EPAM Systems by 466.7% during the first quarter. FinTrust Capital Advisors LLC now owns 85 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 70 shares during the period. Riverview Trust Co bought a new position in EPAM Systems during the first quarter worth about $31,000. HM Payson & Co. bought a new position in EPAM Systems during the fourth quarter worth about $35,000. UMB Bank N A MO bought a new position in EPAM Systems during the fourth quarter worth about $40,000. Finally, Covestor Ltd bought a new position in EPAM Systems during the fourth quarter worth about $43,000. Institutional investors own 95.24% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM opened at $325.63 on Thursday. The firm’s fifty day simple moving average is $314.86 and its two-hundred day simple moving average is $336.42. EPAM Systems, Inc. has a 12 month low of $168.59 and a 12 month high of $725.40. The stock has a market capitalization of $18.61 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 2.52 and a beta of 1.76. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAMGet Rating) last posted its earnings results on Thursday, May 5th. The information technology services provider reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.82. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. EPAM Systems had a net margin of 11.14% and a return on equity of 21.92%. The firm’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, analysts predict that EPAM Systems, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $325.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief financial officer now directly owns 12,162 shares of the company’s stock, valued at approximately $3,952,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jason D. Peterson sold 400 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $335.00, for a total value of $134,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,762 shares of the company’s stock, valued at approximately $3,940,270. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $325.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief financial officer now directly owns 12,162 shares of the company’s stock, valued at $3,952,650. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,500 shares of company stock worth $493,710. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the subject of a number of research analyst reports. Morgan Stanley boosted their price objective on EPAM Systems from $450.00 to $465.00 in a report on Friday, May 6th. StockNews.com initiated coverage on EPAM Systems in a report on Thursday, March 31st. They set a “hold” rating for the company. Wedbush boosted their price objective on EPAM Systems from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, June 6th. Susquehanna Bancshares upgraded EPAM Systems to a “positive” rating in a report on Monday, May 16th. Finally, Bank of America upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the company from $312.00 to $400.00 in a research report on Friday, May 6th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $431.50.

EPAM Systems Company Profile

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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, 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.

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

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