Brighton Jones LLC Has $274,000 Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Brighton Jones LLC decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 64.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 920 shares of the information technology services provider’s stock after selling 1,703 shares during the quarter. Brighton Jones LLC’s holdings in EPAM Systems were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. VisionPoint Advisory Group LLC grew its position in EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 90 shares during the period. NBC Securities Inc. acquired a new stake in EPAM Systems during the third quarter worth about $46,000. Exchange Traded Concepts LLC increased its stake in EPAM Systems by 46.6% during the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 68 shares during the period. Finally, Mendota Financial Group LLC acquired a new position in EPAM Systems in the 4th quarter valued at approximately $117,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares in the company, valued at $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction dated 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 directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,820 shares of company stock valued at $5,101,117. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 1.7 %

EPAM stock opened at $242.12 on Friday. The business has a fifty day moving average price of $274.43 and a 200 day moving average price of $273.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $317.50. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 34.25, a P/E/G ratio of 10.40 and a beta of 1.46.

EPAM Systems (NYSE:EPAM) last announced 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. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $2.71 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Analysts expect that EPAM Systems, Inc. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EPAM shares. Stifel Nicolaus lifted their price objective on EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a report on Monday, February 12th. HSBC decreased their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Guggenheim began coverage on shares of EPAM Systems in a report on Tuesday, March 19th. They set a “buy” rating and a $350.00 price objective for the company. Morgan Stanley upgraded shares of EPAM Systems from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $236.00 to $225.00 in a research report on Friday, April 26th. Finally, Piper Sandler dropped their price target on shares of EPAM Systems from $369.00 to $317.00 and set an “overweight” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $315.60.

EPAM Systems 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.