Metis Global Partners LLC Sells 105 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Metis Global Partners LLC lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,924 shares of the information technology services provider’s stock after selling 105 shares during the period. Metis Global Partners LLC’s holdings in EPAM Systems were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its holdings in 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 worth $65,000 after buying an additional 57 shares during the period. SkyView Investment Advisors LLC lifted its holdings 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 buying an additional 60 shares during the period. Empirical Finance LLC lifted its holdings in EPAM Systems by 5.2% in the 3rd quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after buying an additional 67 shares during the period. Covestor Ltd lifted its holdings in EPAM Systems by 16.4% in the 3rd quarter. Covestor Ltd now owns 490 shares of the information technology services provider’s stock worth $98,000 after buying an additional 69 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted 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 worth $343,000 after buying an additional 69 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Scotiabank dropped their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley increased their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Susquehanna increased their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.44.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Up 1.1 %

EPAM stock opened at $200.14 on Thursday. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. 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 firm has a market cap of $11.35 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. The business has a 50 day moving average of $238.18 and a 200 day moving average of $222.94.

EPAM Systems (NYSE:EPAM) last posted its 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS 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.