Natixis Has $10.47 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Natixis decreased its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,797 shares of the information technology services provider's stock after selling 10,199 shares during the quarter. Natixis owned 0.08% of EPAM Systems worth $10,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. Barclays PLC grew its holdings in shares of EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock valued at $25,602,000 after buying an additional 13,981 shares during the period. Virtu Financial LLC bought a new position in EPAM Systems during the third quarter worth about $738,000. SkyView Investment Advisors LLC grew its stake in EPAM Systems by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock valued at $409,000 after acquiring an additional 60 shares during the period. Tidal Investments LLC increased its holdings in shares of EPAM Systems by 6.1% in the third quarter. Tidal Investments LLC now owns 6,681 shares of the information technology services provider's stock worth $1,330,000 after acquiring an additional 384 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of EPAM Systems by 1.2% during the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock worth $14,066,000 after purchasing an additional 848 shares during the period. Institutional investors own 91.58% of the company's stock.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The stock was 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 $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Scotiabank dropped their target price 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. Susquehanna reduced their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Piper Sandler cut shares of EPAM Systems from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $251.00 to $170.00 in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.93.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $5.66 during midday trading on Thursday, hitting $158.26. 413,286 shares of the company's stock were exchanged, compared to its average volume of 697,801. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.03 billion, a PE ratio of 20.19, a price-to-earnings-growth 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 $269.00. The company's 50 day moving average price is $180.12 and its 200 day moving average price is $213.80.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.