Mitsubishi UFJ Trust & Banking Corp Reduces Stake in EPAM Systems, Inc. (NYSE:EPAM)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 8.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 662,263 shares of the information technology services provider's stock after selling 58,445 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 1.17% of EPAM Systems worth $154,850,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake 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 worth $27,000 after acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of EPAM Systems by 88.5% during 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 buying an additional 69 shares in the last quarter. Versant Capital Management Inc bought a new stake in EPAM Systems in the 4th quarter worth approximately $35,000. Manchester Capital Management LLC boosted its stake in 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 worth $48,000 after buying an additional 177 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

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Wall Street Analyst Weigh In

EPAM has been the subject of a number of research reports. Morgan Stanley upped their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Scotiabank reduced their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th. Finally, The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $262.47.

Insider Activity 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by insiders.

EPAM Systems Stock Down 1.6 %

EPAM Systems stock traded down $2.85 during mid-day trading on Thursday, reaching $174.08. The stock had a trading volume of 495,179 shares, compared to its average volume of 694,910. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $281.62. The company has a 50-day moving average price of $223.26 and a two-hundred day moving average price of $221.11. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 3.38 and a beta of 1.61. 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 results 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 for the quarter, compared to analysts' expectations of $1.21 billion. On average, analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.