EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,261 shares of the information technology services provider's stock after selling 3,529 shares during the quarter. Sei Investments Co.'s holdings in EPAM Systems were worth $6,140,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Aurora Investment Counsel increased its position in EPAM Systems by 0.7% during the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after buying an additional 45 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares during the period. SkyView Investment Advisors LLC grew its stake in EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after acquiring an additional 60 shares during the period. Baker Tilly Wealth Management LLC raised its holdings in EPAM Systems by 4.9% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock valued at $343,000 after acquiring an additional 69 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 69 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

EPAM Systems Stock Down 7.9 %

Shares of EPAM Systems stock traded down $13.27 on Thursday, hitting $155.79. 962,990 shares of the company's stock traded hands, compared to its average volume of 673,491. EPAM Systems, Inc. has a 52-week low of $152.82 and a 52-week high of $275.49. 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 stock has a market cap of $8.86 billion, a P/E ratio of 19.87, a PEG ratio of 3.38 and a beta of 1.61. The firm's 50-day moving average is $217.03 and its 200 day moving average is $219.91.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results 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 firm 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%. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on EPAM shares. Morgan Stanley increased their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and set a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank cut their price objective on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Barclays cut their target price on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $262.47.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction that occurred 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 sale, the chief financial officer now owns 23,382 shares of the company's stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company's stock.

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.