Nebula Research & Development LLC Cuts Stake in EPAM Systems, Inc. (NYSE:EPAM)

Nebula Research & Development LLC decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 53.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,671 shares of the information technology services provider's stock after selling 9,768 shares during the period. Nebula Research & Development LLC's holdings in EPAM Systems were worth $2,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 125 shares during the period. TD Private Client Wealth LLC grew its position in EPAM Systems by 88.5% in 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 purchasing an additional 69 shares during the period. Versant Capital Management Inc acquired a new stake in EPAM Systems in the 4th quarter valued at $35,000. Finally, Manchester Capital Management LLC grew its position in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 177 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

Shares of EPAM stock traded down $0.03 during trading hours on Monday, reaching $159.09. The stock had a trading volume of 468,839 shares, compared to its average volume of 692,833. The stock's fifty day simple moving average is $173.96 and its 200 day simple moving average is $213.34. The firm has a market capitalization of $9.08 billion, a PE ratio of 20.29, a PEG ratio of 3.38 and a beta of 1.69. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last released 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). The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of analyst reports. Scotiabank cut their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. Jefferies Financial Group cut 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. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Barclays cut their price objective on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday. Finally, StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $235.56.

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.