Mirae Asset Global Investments Co. Ltd. Has $3 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,087 shares of the information technology services provider’s stock after selling 126 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EPAM Systems were worth $2,999,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EPAM. Cetera Advisor Networks LLC lifted its holdings in shares of EPAM Systems by 36.0% during the first quarter. Cetera Advisor Networks LLC now owns 842 shares of the information technology services provider’s stock worth $250,000 after buying an additional 223 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of EPAM Systems by 14.4% in the first quarter. Private Advisor Group LLC now owns 1,034 shares of the information technology services provider’s stock valued at $307,000 after purchasing an additional 130 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of EPAM Systems by 100.7% in the first quarter. Panagora Asset Management Inc. now owns 2,413 shares of the information technology services provider’s stock valued at $716,000 after purchasing an additional 1,211 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of EPAM Systems by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,589 shares of the information technology services provider’s stock valued at $2,251,000 after purchasing an additional 470 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of EPAM Systems by 0.4% in the first quarter. Blair William & Co. IL now owns 17,528 shares of the information technology services provider’s stock valued at $5,199,000 after purchasing an additional 68 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EPAM shares. Citigroup upped their target price on EPAM Systems from $312.00 to $325.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Guggenheim started coverage on EPAM Systems in a research note on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price for the company. Needham & Company LLC upped their target price on EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Mizuho upped their price target on EPAM Systems from $340.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Morgan Stanley lowered their price target on EPAM Systems from $250.00 to $236.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $331.33.

Insider Transactions at EPAM Systems

In related news, EVP Balazs Fejes sold 3,470 shares of the firm’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 transaction, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Balazs Fejes sold 3,470 shares of the firm’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 transaction, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the transaction, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,820 shares of company stock worth $5,101,117. Insiders own 3.20% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM stock opened at $249.09 on Thursday. The stock’s fifty day moving average is $287.35 and its 200-day moving average is $273.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. The stock has a market capitalization of $14.40 billion, a PE ratio of 35.23, a PEG ratio of 11.11 and a beta of 1.43. EPAM Systems, Inc. has a 52 week low of $197.99 and a 52 week high of $317.50.

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

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.