EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,180 shares of the information technology services provider’s stock after selling 1,272 shares during the period. Blair William & Co. IL’s holdings in EPAM Systems were worth $2,614,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Centre Asset Management LLC acquired a new stake in EPAM Systems during the fourth quarter worth about $8,757,000. Oliver Luxxe Assets LLC acquired a new stake in shares of EPAM Systems during the 4th quarter worth approximately $1,889,000. iA Global Asset Management Inc. raised its position in shares of EPAM Systems by 165.2% during the 3rd quarter. iA Global Asset Management Inc. now owns 3,700 shares of the information technology services provider’s stock valued at $736,000 after buying an additional 2,305 shares during the period. Merit Financial Group LLC acquired a new position in EPAM Systems in the fourth quarter valued at approximately $245,000. Finally, The Manufacturers Life Insurance Company grew its position in EPAM Systems by 21.1% in the third quarter. The Manufacturers Life Insurance Company now owns 45,188 shares of the information technology services provider’s stock worth $8,994,000 after acquiring an additional 7,885 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of research reports. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Jefferies Financial Group cut their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Morgan Stanley lifted their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $262.47.

EPAM Systems Trading Down 0.9 %

Shares of EPAM stock opened at $167.40 on Wednesday. The stock has a market cap of $9.52 billion, a P/E ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $275.49. The business has a fifty day simple moving average of $218.35 and a 200-day simple moving average of $220.27.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

About EPAM Systems

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, performance tuning, deployment, maintenance, and support services.