EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. decreased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,065 shares of the information technology services provider's stock after selling 1,826 shares during the period. Achmea Investment Management B.V.'s holdings in EPAM Systems were worth $483,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of 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 during the period. Versant Capital Management Inc purchased a new stake in EPAM Systems during the fourth quarter worth approximately $35,000. Manchester Capital Management LLC increased its position in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of 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 acquiring an additional 262 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock valued at $65,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

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EPAM Systems Stock Performance

NYSE EPAM traded down $2.02 during trading hours on Wednesday, hitting $181.00. The company had a trading volume of 852,081 shares, compared to its average volume of 648,431. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $296.20. The firm has a market cap of $10.30 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. 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 business has a fifty day simple moving average of $229.28 and a 200-day simple moving average of $222.26.

EPAM Systems (NYSE:EPAM - Get Free Report) last released 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). The firm had revenue of $1.25 billion during 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%. Equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. 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 research report on Monday, February 24th. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $267.33.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.30% of the company's stock.

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.