Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 333 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,061 shares of the information technology services provider’s stock after selling 333 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EPAM Systems were worth $2,820,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EPAM. William Blair Investment Management LLC bought a new position in EPAM Systems in the 4th quarter worth $166,906,000. Teacher Retirement System of Texas purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $86,699,000. Massachusetts Financial Services Co. MA lifted its holdings in EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after purchasing an additional 217,960 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in EPAM Systems by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after buying an additional 160,989 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $178.58 on Tuesday. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $281.62. The company has a market capitalization of $10.16 billion, a PE ratio of 22.78, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a 50 day moving average price of $225.24 and a 200-day moving average price of $221.60. 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 (NYSE:EPAM) last issued its earnings results 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). The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EPAM shares. Jefferies Financial Group dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank decreased their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Barclays reduced their price objective on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $235.00 to $295.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $262.47.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were 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 in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is owned by company insiders.

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.