HighTower Advisors LLC Has $3.64 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

HighTower Advisors LLC decreased its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,555 shares of the information technology services provider's stock after selling 2,903 shares during the quarter. HighTower Advisors LLC's holdings in EPAM Systems were worth $3,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC grew its stake in shares of EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider's stock valued at $155,323,000 after buying an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EPAM Systems by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider's stock worth $122,088,000 after purchasing an additional 6,793 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock valued at $83,100,000 after purchasing an additional 361,363 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider's stock valued at $80,949,000 after purchasing an additional 33,715 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in EPAM Systems by 3.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider's stock worth $61,400,000 after purchasing an additional 8,959 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 Price Performance

Shares of NYSE:EPAM traded up $3.28 on Monday, hitting $178.58. The stock had a trading volume of 580,517 shares, compared to its average volume of 652,348. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. 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 $226.19 and its 200-day moving average price is $221.78. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $281.62.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results 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 return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays cut their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Needham & Company LLC restated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. 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 research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus price target of $262.47.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company'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 directly owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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.