Bank of Montreal Can Has $13.07 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Bank of Montreal Can reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 55.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,894 shares of the information technology services provider's stock after selling 69,400 shares during the period. Bank of Montreal Can owned 0.10% of EPAM Systems worth $13,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Norges Bank bought a new stake in EPAM Systems during the fourth quarter valued at about $173,053,000. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth about $166,906,000. Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 96.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after purchasing an additional 401,355 shares during the period. Teacher Retirement System of Texas bought a new position in EPAM Systems in the 4th quarter worth approximately $86,699,000. Finally, Manning & Napier Advisors LLC lifted its holdings in shares of EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider's stock worth $155,323,000 after buying an additional 217,960 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EPAM Systems

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

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Wall Street Analyst Weigh In

EPAM has been the subject of several research analyst reports. Barclays cut their target price on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Jefferies Financial Group decreased their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Scotiabank lowered their price objective 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. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $251.80.

EPAM Systems Price Performance

NYSE:EPAM traded down $0.41 on Tuesday, reaching $151.56. The stock had a trading volume of 628,174 shares, compared to its average volume of 696,326. The company has a market capitalization of $8.65 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The stock has a fifty day moving average price of $194.04 and a 200-day moving average price of $215.97. 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, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS 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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS 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.