EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,967 shares of the information technology services provider's stock after selling 14,732 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.23% of EPAM Systems worth $29,921,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in shares of EPAM Systems by 35.8% during the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after buying an additional 5,435 shares during the last quarter. Centre Asset Management LLC purchased a new position in EPAM Systems in the fourth quarter worth approximately $8,757,000. Oliver Luxxe Assets LLC acquired a new stake in EPAM Systems during the fourth quarter worth $1,889,000. iA Global Asset Management Inc. raised its position in EPAM Systems by 165.2% in the third quarter. iA Global Asset Management Inc. now owns 3,700 shares of the information technology services provider's stock valued at $736,000 after purchasing an additional 2,305 shares during the period. Finally, DnB Asset Management AS lifted its stake in shares of EPAM Systems by 26.4% in the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after purchasing an additional 2,349 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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EPAM Systems Stock Down 0.3 %

Shares of EPAM stock traded down $0.51 during trading hours on Friday, reaching $145.78. 148,313 shares of the stock were exchanged, compared to its average volume of 689,836. The business's fifty day moving average is $200.57 and its two-hundred day moving average is $216.98. The firm has a market capitalization of $8.32 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.55. 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 announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS 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 during the quarter, compared to analysts' expectations of $1.21 billion. As a group, research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the topic of several research analyst reports. Jefferies Financial Group reduced their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Morgan Stanley boosted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Barclays dropped their target price on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Scotiabank lowered their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.80.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by company insiders.

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.