EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Channing Capital Management LLC

Channing Capital Management LLC trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,235 shares of the information technology services provider's stock after selling 5,806 shares during the quarter. Channing Capital Management LLC owned 0.05% of EPAM Systems worth $7,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Metis Global Partners LLC boosted its stake in EPAM Systems by 2.5% during the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider's stock worth $404,000 after buying an additional 50 shares during the period. First Horizon Advisors Inc. boosted its stake in EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock worth $65,000 after buying an additional 57 shares during the period. SkyView Investment Advisors LLC boosted its stake in EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after buying an additional 60 shares during the period. Empirical Finance LLC boosted its stake in EPAM Systems by 5.2% during the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider's stock worth $271,000 after buying an additional 67 shares during the period. Finally, Covestor Ltd boosted its stake in EPAM Systems by 16.4% during the third quarter. Covestor Ltd now owns 490 shares of the information technology services provider's stock worth $98,000 after buying an additional 69 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

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EPAM Systems Stock Up 1.2 %

Shares of EPAM traded up $2.12 during mid-day trading on Friday, hitting $182.28. 1,000,652 shares of the company traded hands, compared to its average volume of 646,851. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $303.81. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.37 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The business has a 50 day moving average of $232.05 and a 200 day moving average of $222.26.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was 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 in the company, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on EPAM shares. Barclays lowered 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. Morgan Stanley boosted their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Scotiabank lowered their target price on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, February 24th. Finally, Jefferies Financial Group decreased their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $267.33.

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.