Nebula Research & Development LLC Sells 9,768 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Nebula Research & Development LLC lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 53.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,671 shares of the information technology services provider’s stock after selling 9,768 shares during the quarter. Nebula Research & Development LLC’s holdings in EPAM Systems were worth $2,027,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EPAM. Aurora Investment Counsel boosted its position in EPAM Systems by 0.7% during the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after purchasing an additional 45 shares during the period. UniSuper Management Pty Ltd boosted its holdings in shares of 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 buying an additional 52 shares during the period. EverSource Wealth Advisors LLC grew its stake in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in 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 worth $409,000 after acquiring an additional 60 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its position in 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 worth $343,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Up 3.7 %

Shares of NYSE EPAM opened at $158.26 on Friday. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The business has a fifty day moving average of $177.96 and a two-hundred day moving average of $213.56. The stock has a market cap of $9.03 billion, a PE ratio of 20.19, a PEG ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results 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). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Jefferies Financial Group cut their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Susquehanna reduced their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday. Piper Sandler lowered shares of EPAM Systems from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $251.00 to $170.00 in a research report on Wednesday, April 16th. Finally, Barclays reduced their price target on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.93.

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.