EPAM Systems, Inc. (NYSE:EPAM) Holdings Trimmed by National Bank of Canada FI

National Bank of Canada FI cut its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,271 shares of the information technology services provider’s stock after selling 2,790 shares during the quarter. National Bank of Canada FI’s holdings in EPAM Systems were worth $6,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EPAM. Public Sector Pension Investment Board raised its holdings in shares of EPAM Systems by 4.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider’s stock worth $463,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of EPAM Systems by 70.5% in the third quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider’s stock valued at $1,329,000 after buying an additional 2,760 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of EPAM Systems by 10.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider’s stock valued at $3,684,000 after acquiring an additional 1,753 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of EPAM Systems by 1.3% during the 3rd quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider’s stock worth $1,337,000 after acquiring an additional 85 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in shares of EPAM Systems by 46.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider’s stock worth $376,000 after acquiring an additional 600 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

NYSE EPAM opened at $144.73 on Monday. The company has a 50 day moving average price of $213.08 and a two-hundred day moving average price of $219.32. EPAM Systems, Inc. has a 12-month low of $140.32 and a 12-month high of $275.49. The stock has a market capitalization of $8.23 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. 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 issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EPAM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Barclays decreased their target price on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group reduced their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus target price of $257.31.

Insider Activity

In other EPAM Systems 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 completion of the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. This 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 the SEC website. 4.30% of the stock is currently owned by 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.