Polen Capital Management LLC Reduces Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Polen Capital Management LLC lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,454 shares of the information technology services provider's stock after selling 7,268 shares during the quarter. Polen Capital Management LLC's holdings in EPAM Systems were worth $3,146,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 54 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of EPAM Systems in the 4th quarter valued at about $35,000. Manchester Capital Management LLC increased its holdings in shares of 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 in the last quarter. Continuum Advisory LLC increased its holdings in shares of EPAM Systems by 5,240.0% in the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 262 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of 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 purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and raised their target price for the company from $235.00 to $295.00 in a report on Friday, December 6th. Jefferies Financial Group dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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 EPAM Systems stock in a transaction that occurred on 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 of the company's stock, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems Trading Down 4.8 %

Shares of EPAM traded down $8.61 during mid-day trading on Thursday, hitting $172.26. The company had a trading volume of 1,485,776 shares, compared to its average volume of 653,140. The business's 50-day simple moving average is $228.32 and its 200-day simple moving average is $221.97. 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 1-year low of $169.43 and a 1-year high of $295.59. The stock has a market cap of $9.80 billion, a PE ratio of 21.97, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (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 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.

About EPAM Systems

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.