Natixis Advisors LLC Sells 12,790 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Natixis Advisors LLC cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 49.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,837 shares of the information technology services provider's stock after selling 12,790 shares during the quarter. Natixis Advisors LLC's holdings in EPAM Systems were worth $3,002,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 54 shares during the period. Versant Capital Management Inc bought a new position in EPAM Systems during the fourth quarter worth about $35,000. Manchester Capital Management LLC boosted its stake in shares of EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares during the period. Continuum Advisory LLC increased its holdings in shares of EPAM Systems by 5,240.0% during the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock valued at $65,000 after acquiring an additional 57 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, 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. Company insiders own 4.30% of the company's stock.

EPAM Systems Price Performance

Shares of EPAM stock traded down $2.85 during trading hours on Thursday, reaching $174.08. The company's stock had a trading volume of 495,186 shares, compared to its average volume of 650,171. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $281.62. 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 firm's 50 day simple moving average is $223.26 and its 200-day simple moving average is $221.11.

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

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target 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. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. The Goldman Sachs Group raised EPAM Systems from a "neutral" rating to a "buy" rating and upped their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Barclays lowered their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Needham & Company LLC restated a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $262.47.

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.