EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,953,693 shares of the information technology services provider’s stock after selling 302 shares during the period. Vanguard Group Inc. owned 12.26% of EPAM Systems worth $1,625,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EPAM. Quest Partners LLC lifted its position in shares of EPAM Systems by 36.7% in the third quarter. Quest Partners LLC now owns 645 shares of the information technology services provider’s stock valued at $128,000 after acquiring an additional 173 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in EPAM Systems by 10.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,089 shares of the information technology services provider’s stock valued at $1,411,000 after purchasing an additional 695 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in EPAM Systems by 21.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 45,188 shares of the information technology services provider’s stock valued at $8,994,000 after purchasing an additional 7,885 shares in the last quarter. Dai ichi Life Insurance Company Ltd purchased a new position in EPAM Systems in the 3rd quarter valued at $479,000. Finally, Townsquare Capital LLC acquired a new stake in EPAM Systems during the 3rd quarter worth $6,435,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

EPAM Systems stock opened at $174.08 on Friday. The company’s 50 day simple moving average is $222.15 and its 200-day simple moving average is $220.78. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $281.62. 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 (NYSE:EPAM) last announced 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 net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EPAM shares. Barclays decreased their price target 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. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Finally, StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $262.47.

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.