Brasada Capital Management LP Reduces Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Brasada Capital Management LP lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 62.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,450 shares of the information technology services provider’s stock after selling 4,033 shares during the quarter. Brasada Capital Management LP’s holdings in EPAM Systems were worth $553,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Aurora Investment Counsel lifted its stake in shares of EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after acquiring an additional 45 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in EPAM Systems by 0.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock worth $3,655,000 after purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 54 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after purchasing an additional 60 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock valued at $343,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on EPAM shares. Morgan Stanley lifted their price target 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 reissued a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank cut their target price on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Finally, Piper Sandler lowered EPAM Systems from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $251.00 to $170.00 in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.93.

EPAM Systems Stock Performance

Shares of EPAM opened at $147.46 on Wednesday. The firm has a fifty day moving average of $182.38 and a 200-day moving average of $214.23. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. 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 $138.15 and a 1 year high of $269.00.

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

EPAM Systems 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.