Mackenzie Financial Corp bought a new position in shares of EPAM Systems Inc (NYSE:EPAM) during the 4th quarter, Holdings Channel reports. The fund bought 15,600 shares of the information technology services provider’s stock, valued at approximately $1,676,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EPAM. Bank of Montreal Can increased its position in EPAM Systems by 113.9% during the 4th quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 944 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $204,000. Comerica Bank purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $225,000. OppenheimerFunds Inc. purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $232,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $236,000. Institutional investors own 90.68% of the company’s stock.
In related news, Director Richard Michael Mayoras sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total value of $286,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.17% of the stock is currently owned by corporate insiders.
Shares of EPAM Systems Inc (NYSE:EPAM) opened at $122.52 on Friday. EPAM Systems Inc has a 52 week low of $71.58 and a 52 week high of $123.48. The company has a quick ratio of 5.31, a current ratio of 5.31 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $6,498.46, a P/E ratio of 44.23, a P/E/G ratio of 1.94 and a beta of 0.96.
EPAM Systems (NYSE:EPAM) last posted its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. EPAM Systems had a return on equity of 16.52% and a net margin of 5.02%. The firm had revenue of $399.30 million for the quarter, compared to analyst estimates of $395.78 million. During the same quarter in the prior year, the company earned $0.77 EPS. EPAM Systems’s revenue was up 27.4% on a year-over-year basis. equities analysts forecast that EPAM Systems Inc will post 3.31 earnings per share for the current year.
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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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