Toth Financial Advisory Corp Increases Stake in EPAM Systems Inc (EPAM)

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Toth Financial Advisory Corp lifted its holdings in EPAM Systems Inc (NYSE:EPAM) by 1,813.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,305 shares of the information technology services provider’s stock after purchasing an additional 4,080 shares during the quarter. Toth Financial Advisory Corp’s holdings in EPAM Systems were worth $728,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sciencast Management LP bought a new stake in EPAM Systems during the first quarter worth $496,000. Calamos Advisors LLC bought a new stake in EPAM Systems during the first quarter worth $474,000. Wendell David Associates Inc. bought a new stake in EPAM Systems during the first quarter worth $1,015,000. Chartwell Investment Partners LLC bought a new stake in EPAM Systems during the first quarter worth $1,259,000. Finally, Campbell Newman Asset Management Inc. raised its position in EPAM Systems by 2.5% during the first quarter. Campbell Newman Asset Management Inc. now owns 6,493 shares of the information technology services provider’s stock worth $1,098,000 after acquiring an additional 156 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

NYSE:EPAM opened at $172.28 on Tuesday. EPAM Systems Inc has a one year low of $104.77 and a one year high of $176.06. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 44.06, a P/E/G ratio of 2.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.56 and a current ratio of 4.56.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 14th. The information technology services provider reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.24. EPAM Systems had a net margin of 13.04% and a return on equity of 19.23%. The firm had revenue of $504.90 million for the quarter, compared to the consensus estimate of $501.43 million. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. On average, analysts predict that EPAM Systems Inc will post 4.19 earnings per share for the current fiscal year.

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

Several analysts have issued reports on EPAM shares. VTB Capital lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Wednesday, January 16th. SunTrust Banks upped their price objective on shares of EPAM Systems to $165.00 and gave the company a “buy” rating in a report on Monday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems to $167.00 and gave the company an “overweight” rating in a report on Friday, February 15th. Finally, KeyCorp upped their price objective on shares of EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, February 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $154.73.

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EPAM Systems Company 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.

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

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