FMR LLC lowered its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,611,197 shares of the information technology services provider's stock after selling 227,089 shares during the quarter. FMR LLC owned 2.84% of EPAM Systems worth $376,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 54 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of EPAM Systems by 88.5% during 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 buying an additional 69 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the 4th quarter worth about $35,000. Manchester Capital Management LLC lifted its position in EPAM Systems by 590.0% in the 4th 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. acquired a new position in EPAM Systems during the 4th quarter valued at about $49,000. Institutional investors own 91.58% of the company's stock.
EPAM Systems Price Performance
Shares of EPAM stock traded down $0.96 during mid-day trading on Wednesday, hitting $150.60. The company had a trading volume of 151,636 shares, compared to its average volume of 716,675. The stock's 50 day moving average price is $194.04 and its 200-day moving average price is $215.97. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a market capitalization of $8.59 billion, a P/E ratio of 19.22, a P/E/G ratio of 3.38 and a beta of 1.69. 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 posted 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). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.
Insider Buying and Selling at EPAM Systems
In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.30% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on EPAM. Jefferies Financial Group dropped their price objective 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. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley lifted 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. Barclays reduced their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Scotiabank lowered their target price on 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. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.93.
Check Out Our Latest Stock Analysis on EPAM
EPAM Systems Company Profile
(
Free Report)
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.
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