First Trust Advisors LP Sells 6,910 Shares of EPAM Systems, Inc. (NYSE:EPAM)

First Trust Advisors LP trimmed its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,134 shares of the information technology services provider's stock after selling 6,910 shares during the period. First Trust Advisors LP owned about 0.18% of EPAM Systems worth $24,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 54 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of EPAM Systems in the fourth quarter valued at about $35,000. Manchester Capital Management LLC lifted 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 valued at $48,000 after acquiring an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in EPAM Systems during the fourth quarter valued at approximately $49,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 0.6 %

Shares of NYSE:EPAM traded up $0.95 on Tuesday, hitting $159.84. 522,656 shares of the company's stock were exchanged, compared to its average volume of 692,155. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The business's 50 day simple moving average is $173.96 and its two-hundred day simple moving average is $213.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EPAM. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Susquehanna cut their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Guggenheim cut their target price on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a report on Friday. Scotiabank cut their target price on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday. Finally, Morgan Stanley raised their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and an average target price of $232.44.

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.