EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,800 shares of the information technology services provider’s stock after selling 10,800 shares during the period. Swiss National Bank owned 0.28% of EPAM Systems worth $37,598,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Metis Global Partners LLC boosted its stake in shares of EPAM Systems by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of EPAM Systems by 21.3% in the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in shares of EPAM Systems by 3.0% in the third 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 last quarter. Finally, Empirical Finance LLC boosted its position in shares of EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after acquiring an additional 67 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on EPAM. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank cut their price target on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $267.33.

EPAM Systems Trading Up 1.2 %

NYSE EPAM opened at $182.28 on Monday. The company’s fifty day simple moving average is $231.08 and its 200-day simple moving average is $222.49. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $301.60. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.37 billion, a P/E ratio of 23.25, a PEG ratio of 3.38 and a beta of 1.61.

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 firm had revenue of $1.25 billion for 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 research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

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.