EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Trimmed by Distillate Capital Partners LLC

Distillate Capital Partners LLC cut its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,326 shares of the information technology services provider's stock after selling 15,097 shares during the quarter. Distillate Capital Partners LLC owned 0.11% of EPAM Systems worth $14,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in EPAM Systems by 1.3% in the third 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 last quarter. Stifel Financial Corp grew its stake in EPAM Systems by 13.6% in the 3rd quarter. Stifel Financial Corp now owns 32,329 shares of the information technology services provider's stock valued at $6,434,000 after acquiring an additional 3,864 shares during the last quarter. National Bank of Canada FI increased its holdings in EPAM Systems by 81.7% during the 3rd quarter. National Bank of Canada FI now owns 29,061 shares of the information technology services provider's stock valued at $5,784,000 after acquiring an additional 13,068 shares in the last quarter. MML Investors Services LLC raised its position in EPAM Systems by 19.1% during the third quarter. MML Investors Services LLC now owns 6,522 shares of the information technology services provider's stock worth $1,298,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of EPAM Systems by 12.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,848 shares of the information technology services provider's stock valued at $3,353,000 after purchasing an additional 1,801 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm'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 transaction of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is currently owned by insiders.

EPAM Systems Stock Down 0.3 %

Shares of NYSE:EPAM traded down $0.41 during midday trading on Tuesday, hitting $151.56. 628,174 shares of the company's stock traded hands, compared to its average volume of 696,326. The firm's fifty day moving average price is $194.04 and its two-hundred day moving average price is $215.97. The company has a market cap of $8.65 billion, a PE ratio of 19.33, a P/E/G ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. 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 - Get Free Report) last issued 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). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. 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 report on Monday, March 10th. Morgan Stanley lifted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $251.80.

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.