Taylor Frigon Capital Management LLC Trims Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Taylor Frigon Capital Management LLC lessened its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,600 shares of the information technology services provider's stock after selling 1,430 shares during the period. EPAM Systems accounts for 1.3% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 26th biggest position. Taylor Frigon Capital Management LLC's holdings in EPAM Systems were worth $2,618,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider's stock worth $404,000 after acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock worth $65,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after acquiring an additional 60 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of EPAM Systems by 5.2% during the 3rd quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider's stock valued at $271,000 after purchasing an additional 67 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of EPAM Systems by 16.4% during the 3rd quarter. Covestor Ltd now owns 490 shares of the information technology services provider's stock valued at $98,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

EPAM has been the topic of a number of research reports. Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Scotiabank cut their target price on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group cut 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 note on Tuesday, January 21st. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $268.44.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction that occurred 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 $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock valued at $2,129,924 over the last 90 days. Company insiders own 4.30% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM traded down $2.29 during mid-day trading on Friday, hitting $206.02. 1,406,839 shares of the company traded hands, compared to its average volume of 665,868. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a 50-day moving average price of $239.96 and a two-hundred day moving average price of $222.81. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current 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.