Capital International Inc. CA Sells 203 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Capital International Inc. CA lowered its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,251 shares of the information technology services provider’s stock after selling 203 shares during the quarter. Capital International Inc. CA’s holdings in EPAM Systems were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors increased its position in EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after buying an additional 414,942 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of EPAM Systems by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 349,739 shares of the information technology services provider’s stock valued at $81,782,000 after acquiring an additional 2,932 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in shares of EPAM Systems by 12.1% in the 4th quarter. Epoch Investment Partners Inc. now owns 280,298 shares of the information technology services provider’s stock valued at $65,539,000 after acquiring an additional 30,352 shares in the last quarter. Capital International Ltd. CA lifted its holdings in EPAM Systems by 6.3% in the 4th quarter. Capital International Ltd. CA now owns 12,755 shares of the information technology services provider’s stock worth $2,982,000 after purchasing an additional 758 shares during the last quarter. Finally, Capital Group Investment Management PTE. LTD. boosted its position in EPAM Systems by 7.3% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 2,804 shares of the information technology services provider’s stock worth $656,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.3 %

NYSE EPAM opened at $146.80 on Monday. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.38 and a beta of 1.69. The stock’s 50 day moving average is $187.18 and its two-hundred day moving average is $215.06. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

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 (EPS) 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 company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EPAM. Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Barclays cut their price objective on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Scotiabank cut their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $245.93.

EPAM Systems Company Profile

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.