Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 333 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in EPAM Systems, Inc. (NYSE:EPAM) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,061 shares of the information technology services provider’s stock after selling 333 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EPAM Systems were worth $2,820,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 54 shares in the last quarter. Versant Capital Management Inc acquired a new position in EPAM Systems during the 4th quarter valued at about $35,000. Manchester Capital Management LLC raised its stake in EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 177 shares during the last quarter. Continuum Advisory LLC boosted its holdings in EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 262 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

NYSE:EPAM opened at $178.58 on Tuesday. The stock has a market capitalization of $10.16 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $281.62. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $225.24 and its 200-day moving average price is $221.60.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value 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 trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on EPAM. Scotiabank decreased their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, February 24th. Jefferies Financial Group dropped 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. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Barclays dropped their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $262.47.

EPAM Systems Company 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.