EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,467 shares of the information technology services provider's stock after selling 20,827 shares during the period. Wellington Management Group LLP owned 0.34% of EPAM Systems worth $45,236,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EPAM. Public Sector Pension Investment Board increased its stake in EPAM Systems by 4.5% in the third quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider's stock valued at $463,000 after purchasing an additional 100 shares during the last quarter. Captrust Financial Advisors grew its position in shares of EPAM Systems by 70.5% during the third quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider's stock worth $1,329,000 after acquiring an additional 2,760 shares during the last quarter. HighTower Advisors LLC grew its position in shares of EPAM Systems by 10.5% during the third quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider's stock worth $3,684,000 after acquiring an additional 1,753 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of EPAM Systems by 1.3% during the third quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider's stock worth $1,337,000 after acquiring an additional 85 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its position in shares of EPAM Systems by 46.6% during the third quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider's stock worth $376,000 after acquiring an additional 600 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the business's 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 transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Needham & Company LLC restated a "buy" rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank lowered their target price on shares of 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. Barclays lowered their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, 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 research report on Friday, January 31st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $257.31.

EPAM Systems Trading Down 7.7 %

Shares of NYSE:EPAM traded down $12.18 during trading on Thursday, reaching $146.83. 130,654 shares of the stock were exchanged, compared to its average volume of 688,181. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $271.61. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The firm's 50-day moving average price is $202.78 and its 200 day moving average price is $217.36.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.