Kerrisdale Advisers LLC Sells 11,980 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Kerrisdale Advisers LLC decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,344 shares of the information technology services provider's stock after selling 11,980 shares during the quarter. Kerrisdale Advisers LLC's holdings in EPAM Systems were worth $1,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock valued at $4,816,000 after purchasing an additional 5,435 shares during the last quarter. Centre Asset Management LLC purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $8,757,000. Oliver Luxxe Assets LLC purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $1,889,000. DnB Asset Management AS lifted its holdings in shares of EPAM Systems by 26.4% during the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after purchasing an additional 2,349 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $245,000. Institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on EPAM. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Susquehanna dropped their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group dropped their price target 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. Scotiabank dropped their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Finally, 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 research report on Friday, January 31st. Eight investment 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 an average price target of $232.44.

EPAM Systems Stock Performance

EPAM traded down $0.30 on Tuesday, hitting $158.59. The company had a trading volume of 178,136 shares, compared to its average volume of 695,847. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company's fifty day moving average price is $173.96 and its 200 day moving average price is $213.34. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

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 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 firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.