EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 33.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,550 shares of the information technology services provider's stock after selling 17,710 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of EPAM Systems worth $7,076,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EPAM. Pacer Advisors Inc. raised its holdings in EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock valued at $123,601,000 after acquiring an additional 652,515 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in EPAM Systems during the 2nd quarter worth $84,850,000. TD Asset Management Inc boosted its position in shares of EPAM Systems by 80.0% during the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock worth $112,017,000 after buying an additional 264,570 shares during the period. Acadian Asset Management LLC raised its holdings in EPAM Systems by 47,294.2% during the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider's stock worth $35,560,000 after purchasing an additional 188,704 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of EPAM Systems by 97.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider's stock worth $63,707,000 after purchasing an additional 167,343 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 0.2 %

Shares of NYSE EPAM traded up $0.36 during mid-day trading on Friday, reaching $233.28. 619,947 shares of the company were exchanged, compared to its average volume of 619,467. The firm has a 50-day moving average of $198.28 and a 200 day moving average of $198.37. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 4.16 and a beta of 1.46.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.19. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm's quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts expect that EPAM Systems, Inc. will post 8.08 earnings per share for the current year.

EPAM Systems declared that its Board of Directors has authorized a share buyback plan on Thursday, August 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Barclays increased their price target on EPAM Systems from $200.00 to $225.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Susquehanna raised their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a research note on Friday. StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They set a "hold" rating and a $204.00 price target for the company. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus price target of $261.50.

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.