Martin Currie Ltd. Lowers Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Martin Currie Ltd. reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,365 shares of the information technology services provider's stock after selling 3,747 shares during the period. EPAM Systems makes up approximately 1.3% of Martin Currie Ltd.'s investment portfolio, making the stock its 25th biggest position. Martin Currie Ltd. owned 0.26% of EPAM Systems worth $34,925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares in the last quarter. TD Private Client Wealth LLC grew its position in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc acquired a new position in EPAM Systems in the 4th quarter worth about $35,000. Manchester Capital Management LLC boosted its stake in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 177 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in EPAM Systems by 5,240.0% in the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after buying an additional 262 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.30% of the stock is owned by insiders.

EPAM Systems Price Performance

Shares of NYSE EPAM traded down $11.75 during trading hours on Thursday, reaching $157.31. 360,285 shares of the stock traded hands, compared to its average volume of 671,242. EPAM Systems, Inc. has a 52-week low of $152.82 and a 52-week high of $275.49. 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's 50-day simple moving average is $217.03 and its two-hundred day simple moving average is $219.91. The company has a market capitalization of $8.95 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results 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 the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EPAM shares. Morgan Stanley raised their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Jefferies Financial Group reduced their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, Barclays reduced their price target on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and an average price target of $262.47.

About EPAM Systems

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.