Fuller & Thaler Asset Management Inc. increased its holdings in EPAM Systems Inc (NYSE:EPAM) by 4,300.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,400 shares of the information technology services provider’s stock after buying an additional 25,800 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in EPAM Systems were worth $2,836,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OppenheimerFunds Inc. acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $232,000. Brown Advisory Inc. acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $283,000. Sawgrass Asset Management LLC raised its position in shares of EPAM Systems by 243.3% in the fourth quarter. Sawgrass Asset Management LLC now owns 14,915 shares of the information technology services provider’s stock valued at $1,602,000 after buying an additional 10,570 shares in the last quarter. American International Group Inc. raised its position in shares of EPAM Systems by 1.8% in the fourth quarter. American International Group Inc. now owns 33,568 shares of the information technology services provider’s stock valued at $3,606,000 after buying an additional 593 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $2,111,000. Institutional investors own 90.23% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. UBS Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and lifted their price target for the company from $105.00 to $110.00 in a research report on Wednesday, November 29th. KeyCorp restated an “overweight” rating and set a $132.00 price objective (up from $123.00) on shares of EPAM Systems in a research report on Tuesday, February 20th. Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cantor Fitzgerald restated a “buy” rating and set a $92.00 price objective on shares of EPAM Systems in a research report on Thursday, November 2nd. Finally, Pivotal Research set a $135.00 price objective on shares of EPAM Systems and gave the company a “buy” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $113.94.
EPAM Systems (NYSE:EPAM) last posted its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.80%. The company’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. sell-side analysts expect that EPAM Systems Inc will post 3.31 EPS for the current year.
In related news, Director Richard Michael Mayoras sold 2,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total value of $286,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.17% of the company’s stock.
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EPAM Systems Company Profile
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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