EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,200 shares of the information technology services provider's stock after selling 221,998 shares during the quarter. Franklin Resources Inc.'s holdings in EPAM Systems were worth $3,086,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 54 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc acquired a new position in EPAM Systems in the 4th quarter worth about $35,000. Manchester Capital Management LLC boosted 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 worth $48,000 after purchasing an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $49,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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EPAM Systems Trading Down 0.3 %

Shares of EPAM Systems stock traded down $0.41 on Tuesday, reaching $151.56. The company had a trading volume of 628,174 shares, compared to its average volume of 696,326. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. 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 firm's 50 day moving average price is $194.04 and its two-hundred day moving average price is $215.97. The firm has a market cap of $8.65 billion, a PE ratio of 19.33, a PEG ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued 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). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPAM. Morgan Stanley increased their target price on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Barclays decreased their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Jefferies Financial Group decreased their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. 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 report on Monday, February 24th. Finally, StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average target price of $251.80.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.