EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Barclays PLC

Barclays PLC trimmed its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,059 shares of the information technology services provider's stock after selling 13,570 shares during the quarter. Barclays PLC owned 0.20% of EPAM Systems worth $26,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EPAM. Geode Capital Management LLC boosted its stake in shares of EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after buying an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in EPAM Systems by 96.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock worth $191,471,000 after buying an additional 401,355 shares in the last quarter. Norges Bank acquired a new stake in EPAM Systems during the fourth quarter worth approximately $173,053,000. William Blair Investment Management LLC acquired a new position in EPAM Systems in the fourth quarter valued at $166,906,000. Finally, Manning & Napier Advisors LLC lifted its stake in shares of EPAM Systems by 48.8% in 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 acquiring an additional 217,960 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

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

EPAM Systems Stock Performance

Shares of EPAM traded up $4.78 during midday trading on Thursday, reaching $157.38. 91,333 shares of the stock were exchanged, compared to its average volume of 704,618. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The business's 50-day moving average price is $180.12 and its 200 day moving average price is $213.80. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

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 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 analyst estimates of $1.21 billion. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on EPAM. Morgan Stanley lifted their target price on 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 downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Scotiabank dropped their price target on 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. Jefferies Financial Group dropped their price objective 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. Finally, Barclays cut their price target 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. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $241.93.

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.