JPMorgan Chase & Co. Has $1.65 Billion Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

JPMorgan Chase & Co. decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,172,001 shares of the information technology services provider’s stock after selling 10,180 shares during the period. JPMorgan Chase & Co. owned about 7.40% of EPAM Systems worth $1,654,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in EPAM Systems by 53.7% during the first quarter. Lindbrook Capital LLC now owns 63 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 22 shares in the last quarter. Parallel Advisors LLC boosted its position in EPAM Systems by 58.6% during the first quarter. Parallel Advisors LLC now owns 92 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. JJJ Advisors Inc. increased its position in EPAM Systems by 126.8% in the 1st quarter. JJJ Advisors Inc. now owns 93 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 52 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of EPAM Systems by 562.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 106 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in EPAM Systems by 66.2% in the fourth quarter. Penserra Capital Management LLC now owns 113 shares of the information technology services provider’s stock worth $40,000 after buying an additional 45 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

NYSE EPAM traded up $1.99 during trading on Friday, reaching $507.62. The company’s stock had a trading volume of 2,867 shares, compared to its average volume of 315,643. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.32 and a quick ratio of 4.32. The stock has a market cap of $28.63 billion, a price-to-earnings ratio of 84.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38. The company has a 50 day moving average of $456.15. EPAM Systems, Inc. has a 12 month low of $225.70 and a 12 month high of $506.81.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $1.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.42. The company had revenue of $780.80 million for the quarter, compared to analyst estimates of $763.88 million. EPAM Systems had a return on equity of 18.17% and a net margin of 12.57%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. As a group, research analysts anticipate that EPAM Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

In related news, SVP Boris Shnayder sold 1,250 shares of the business’s stock in a transaction on Friday, May 14th. The shares were sold at an average price of $450.27, for a total transaction of $562,837.50. Following the transaction, the senior vice president now owns 7,553 shares in the company, valued at approximately $3,400,889.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 3,429 shares of the firm’s stock in a transaction on Wednesday, May 12th. The stock was sold at an average price of $445.54, for a total transaction of $1,527,756.66. Following the completion of the sale, the chief financial officer now owns 11,154 shares of the company’s stock, valued at $4,969,553.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,948 shares of company stock valued at $35,058,199. Corporate insiders own 4.80% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of EPAM Systems from $395.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, February 19th. Barclays boosted their target price on shares of EPAM Systems from $450.00 to $521.00 and gave the stock an “overweight” rating in a research report on Monday, May 10th. Morgan Stanley boosted their target price on shares of EPAM Systems from $467.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, May 10th. Piper Sandler lifted their price objective on EPAM Systems from $507.00 to $517.00 and gave the stock an “overweight” rating in a report on Monday, May 10th. Finally, VTB Capital reiterated a “hold” rating and issued a $425.00 price objective on shares of EPAM Systems in a research note on Monday, April 19th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. EPAM Systems presently has a consensus rating of “Buy” and an average target price of $445.50.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast 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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