Swiss National Bank Has $37.60 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Swiss National Bank trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,800 shares of the information technology services provider's stock after selling 10,800 shares during the period. Swiss National Bank owned about 0.28% of EPAM Systems worth $37,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares in the last quarter. Versant Capital Management Inc acquired a new position in EPAM Systems during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its position in 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 buying an additional 177 shares in the last quarter. Continuum Advisory LLC lifted its position in EPAM Systems by 5,240.0% during the third 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 in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock valued at $65,000 after buying an additional 57 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Jefferies Financial Group reduced their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley boosted their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $262.47.

EPAM Systems Stock Down 4.8 %

Shares of EPAM traded down $8.61 during trading hours on Thursday, reaching $172.26. The company's stock had a trading volume of 1,483,290 shares, compared to its average volume of 653,130. 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 firm has a market cap of $9.80 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a 50 day moving average of $228.32 and a two-hundred day moving average of $221.97. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $295.59.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly 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). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value 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. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company's stock.

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.