Alliancebernstein L.P. Purchases 3,186 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Alliancebernstein L.P. boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,341 shares of the information technology services provider's stock after buying an additional 3,186 shares during the period. Alliancebernstein L.P. owned about 0.34% of EPAM Systems worth $45,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Public Sector Pension Investment Board raised its holdings in EPAM Systems by 4.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider's stock worth $463,000 after buying an additional 100 shares during the period. Captrust Financial Advisors raised its holdings in EPAM Systems by 70.5% during the 3rd quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider's stock worth $1,329,000 after buying an additional 2,760 shares during the period. HighTower Advisors LLC raised its holdings in EPAM Systems by 10.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider's stock worth $3,684,000 after buying an additional 1,753 shares during the period. Janus Henderson Group PLC increased its holdings in shares of EPAM Systems by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider's stock valued at $1,337,000 after purchasing an additional 85 shares during the period. Finally, Investment Management Corp of Ontario increased its holdings in shares of EPAM Systems by 46.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider's stock valued at $376,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

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Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the 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 completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This 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 this link. Company insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EPAM. StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. 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. Needham & Company LLC restated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Barclays cut their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $257.31.

EPAM Systems Trading Down 7.7 %

Shares of NYSE EPAM traded down $12.18 during trading on Thursday, reaching $146.83. The company had a trading volume of 130,654 shares, compared to its average volume of 688,181. The company's fifty day moving average price is $202.78 and its 200-day moving average price is $217.36. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $271.61. The stock has a market cap of $8.38 billion, a P/E ratio of 18.83, a PEG ratio of 3.38 and a beta of 1.69. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) 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 during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, research analysts expect 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.