Asset Management One Co. Ltd. Sells 88 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Asset Management One Co. Ltd. lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,907 shares of the information technology services provider’s stock after selling 88 shares during the period. Asset Management One Co. Ltd.’s holdings in EPAM Systems were worth $7,143,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA raised its stake in EPAM Systems by 0.6% in the second quarter. BOKF NA now owns 7,427 shares of the information technology services provider’s stock valued at $1,669,000 after buying an additional 44 shares during the period. Sovereign Financial Group Inc. raised its stake in EPAM Systems by 6.0% in the fourth quarter. Sovereign Financial Group Inc. now owns 792 shares of the information technology services provider’s stock valued at $260,000 after buying an additional 45 shares during the period. Transatlantique Private Wealth LLC raised its stake in EPAM Systems by 1.5% in the third quarter. Transatlantique Private Wealth LLC now owns 3,313 shares of the information technology services provider’s stock valued at $841,000 after buying an additional 48 shares during the period. Horizon Investments LLC raised its stake in EPAM Systems by 6.2% in the second quarter. Horizon Investments LLC now owns 855 shares of the information technology services provider’s stock valued at $192,000 after buying an additional 50 shares during the period. Finally, Renaissance Group LLC raised its stake in EPAM Systems by 1.1% in the third quarter. Renaissance Group LLC now owns 4,903 shares of the information technology services provider’s stock valued at $1,254,000 after buying an additional 52 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 1.5 %

Shares of EPAM stock opened at $274.15 on Wednesday. The stock’s fifty day moving average price is $290.77 and its two-hundred day moving average price is $273.71. The company has a market cap of $15.85 billion, a PE ratio of 38.78, a P/E/G ratio of 11.53 and a beta of 1.44. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.71 EPS. Equities analysts predict that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,820 shares of company stock valued at $5,101,117. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EPAM shares. Needham & Company LLC upped their price objective on EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Barclays increased their target price on EPAM Systems from $305.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 20th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $265.00 to $350.00 in a research note on Friday, February 16th. Stifel Nicolaus increased their target price on EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Guggenheim started coverage on EPAM Systems in a research note on Tuesday, March 19th. They set a “buy” rating and a $350.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

About EPAM Systems

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.