EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,039 shares of the information technology services provider’s stock after selling 5,407 shares during the period. Cambiar Investors LLC’s holdings in EPAM Systems were worth $10,765,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Manning & Napier Advisors LLC increased its holdings in shares of EPAM Systems by 48.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock valued at $155,323,000 after purchasing an additional 217,960 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of EPAM Systems by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after purchasing an additional 160,989 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after purchasing an additional 361,363 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of EPAM Systems by 10.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock valued at $80,949,000 after purchasing an additional 33,715 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of EPAM Systems by 3.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider’s stock valued at $61,400,000 after purchasing an additional 8,959 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on EPAM shares. Needham & Company LLC upped their price objective on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Finally, Susquehanna upped their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $271.47.

EPAM Systems Stock Down 0.2 %

Shares of NYSE:EPAM opened at $259.87 on Tuesday. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The stock’s fifty day simple moving average is $242.20 and its 200-day simple moving average is $219.68. The company has a market capitalization of $14.74 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.96 and a beta of 1.51.

Insider Activity

In related news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock worth $2,129,924 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

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.