EPAM Systems, Inc. (NYSE:EPAM) Stake Lessened by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its stake in EPAM Systems, Inc. (NYSE:EPAM) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,065 shares of the information technology services provider’s stock after selling 1,826 shares during the period. Achmea Investment Management B.V.’s holdings in EPAM Systems were worth $483,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EPAM. Principal Financial Group Inc. boosted its holdings in EPAM Systems by 1.2% during the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider’s stock worth $14,066,000 after buying an additional 848 shares in the last quarter. Atria Investments Inc boosted its stake in EPAM Systems by 139.2% in the 3rd quarter. Atria Investments Inc now owns 4,048 shares of the information technology services provider’s stock worth $806,000 after purchasing an additional 2,356 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in EPAM Systems by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 127,156 shares of the information technology services provider’s stock worth $25,308,000 after purchasing an additional 2,372 shares in the last quarter. Victory Capital Management Inc. grew its position in EPAM Systems by 247.6% during the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after purchasing an additional 51,603 shares in the last quarter. Finally, KBC Group NV grew its position in EPAM Systems by 3.0% during the 3rd quarter. KBC Group NV now owns 23,311 shares of the information technology services provider’s stock worth $4,639,000 after purchasing an additional 683 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Morgan Stanley lifted 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 report on Friday, January 31st. Barclays lowered their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.33.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the company’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 sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Stock Up 1.2 %

EPAM Systems stock opened at $182.28 on Friday. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $301.60. The firm has a fifty day moving average price of $231.08 and a two-hundred day moving average price of $222.32.

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

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.