National Bank of Canada FI Has $6.14 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

National Bank of Canada FI decreased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,271 shares of the information technology services provider's stock after selling 2,790 shares during the quarter. National Bank of Canada FI's holdings in EPAM Systems were worth $6,143,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in shares of EPAM Systems by 4.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider's stock worth $463,000 after buying an additional 100 shares in the last quarter. Captrust Financial Advisors grew its position in EPAM Systems by 70.5% in the third quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider's stock valued at $1,329,000 after acquiring an additional 2,760 shares during the last quarter. HighTower Advisors LLC raised its stake in EPAM Systems by 10.5% during the third quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider's stock worth $3,684,000 after acquiring an additional 1,753 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of 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 worth $1,337,000 after acquiring an additional 85 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its stake in shares of EPAM Systems by 46.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider's stock valued at $376,000 after purchasing an additional 600 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Remove Ads

EPAM Systems Trading Up 0.9 %

EPAM stock traded up $1.25 during midday trading on Friday, hitting $147.54. The stock had a trading volume of 465,049 shares, compared to its average volume of 692,951. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $198.41 and a two-hundred day moving average price of $216.64. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a market cap of $8.42 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at $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 available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. Morgan Stanley increased their price target 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. Scotiabank cut their price objective on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. Barclays lowered their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Jefferies Financial Group cut 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $251.80.

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.