Achmea Investment Management B.V. Sells 1,826 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Achmea Investment Management B.V. trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 46.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,065 shares of the information technology services provider’s stock after selling 1,826 shares during the quarter. Achmea Investment Management B.V.’s holdings in EPAM Systems were worth $483,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EPAM. Manning & Napier Advisors LLC lifted its position in shares of EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after purchasing an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EPAM Systems by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider’s stock worth $122,088,000 after purchasing an additional 6,793 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of EPAM Systems by 643.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of EPAM Systems by 10.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock worth $80,949,000 after purchasing an additional 33,715 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in 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 buying an additional 8,959 shares during the period. 91.58% of the stock is owned by institutional investors.

EPAM Systems Stock Up 1.2 %

Shares of EPAM stock opened at $182.28 on Friday. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $301.60. The firm has a fifty day moving average of $231.08 and a 200-day moving average of $222.32. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the topic of several analyst reports. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Jefferies Financial Group cut their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Barclays cut their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Morgan Stanley upped their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $267.33.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.30% of the company’s stock.

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.