Raymond James & Associates Sells 3,587 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Raymond James & Associates cut its stake in EPAM Systems, Inc. (NYSE:EPAM) by 25.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,631 shares of the information technology services provider’s stock after selling 3,587 shares during the quarter. Raymond James & Associates’ holdings in EPAM Systems were worth $3,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Financial Freedom LLC bought a new stake in shares of EPAM Systems in the fourth quarter worth approximately $34,000. Clear Street Markets LLC grew its stake in shares of EPAM Systems by 93.1% in the first quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 54 shares during the period. VisionPoint Advisory Group LLC grew its stake in shares of EPAM Systems by 103.0% in the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Covestor Ltd grew its position in EPAM Systems by 134.4% during the first quarter. Covestor Ltd now owns 150 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 86 shares during the period. Finally, Lindbrook Capital LLC grew its position in EPAM Systems by 123.3% during the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 90 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EPAM. Wedbush restated an “outperform” rating and set a $340.00 target price on shares of EPAM Systems in a research report on Wednesday. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $265.00 to $350.00 in a research report on Friday, February 16th. HSBC cut their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Needham & Company LLC boosted their target price on shares of EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at approximately $3,707,802. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the sale, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the sale, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at $3,707,802. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock worth $5,101,117 over the last quarter. Insiders own 3.20% of the company’s stock.

EPAM Systems Trading Down 2.8 %

EPAM stock opened at $259.16 on Friday. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 11.62 and a beta of 1.43. The firm’s fifty day simple moving average is $289.53 and its two-hundred day simple moving average is $273.69.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $2.71 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, analysts anticipate that EPAM Systems, Inc. will post 7.72 earnings per share for the current year.

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.