EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,271 shares of the information technology services provider’s stock after selling 2,790 shares during the quarter. National Bank of Canada FI’s holdings in EPAM Systems were worth $6,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EPAM. Public Sector Pension Investment Board lifted its position in EPAM Systems by 4.5% during the third quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider’s stock valued at $463,000 after buying an additional 100 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of EPAM Systems by 70.5% during the 3rd quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider’s stock valued at $1,329,000 after acquiring an additional 2,760 shares in the last quarter. HighTower Advisors LLC boosted its position in EPAM Systems by 10.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider’s stock worth $3,684,000 after purchasing an additional 1,753 shares during the period. Janus Henderson Group PLC boosted its position in EPAM Systems by 1.3% during the 3rd quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider’s stock worth $1,337,000 after purchasing an additional 85 shares during the period. Finally, Investment Management Corp of Ontario raised its position in EPAM Systems by 46.6% in the third quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider’s stock valued at $376,000 after purchasing an additional 600 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Scotiabank lowered their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. Barclays decreased their target price on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Jefferies Financial Group dropped 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. Morgan Stanley upped their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and an average price target of $257.31.

EPAM Systems Stock Down 7.0 %

Shares of NYSE:EPAM opened at $144.73 on Monday. The company’s fifty day moving average is $213.08 and its two-hundred day moving average is $219.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 1-year low of $140.32 and a 1-year high of $275.49. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

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