Mutual of America Capital Management LLC Has $2.77 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Mutual of America Capital Management LLC reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,303 shares of the information technology services provider’s stock after selling 565 shares during the quarter. Mutual of America Capital Management LLC’s holdings in EPAM Systems were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in EPAM Systems by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,791,017 shares of the information technology services provider’s stock valued at $1,736,395,000 after purchasing an additional 19,130 shares during the last quarter. State Street Corp raised its stake in shares of EPAM Systems by 9.1% in the 1st quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock valued at $733,197,000 after buying an additional 206,636 shares in the last quarter. Capital World Investors raised its stake in shares of EPAM Systems by 2.2% in the 1st quarter. Capital World Investors now owns 1,764,856 shares of the information technology services provider’s stock valued at $523,474,000 after buying an additional 38,642 shares in the last quarter. Invesco Ltd. raised its stake in shares of EPAM Systems by 4.1% in the 1st quarter. Invesco Ltd. now owns 1,299,265 shares of the information technology services provider’s stock valued at $385,376,000 after buying an additional 50,627 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of EPAM Systems by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 1,168,591 shares of the information technology services provider’s stock valued at $348,607,000 after buying an additional 22,326 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock valued at $5,101,117 in the last 90 days. 3.20% of the stock is currently owned by insiders.

EPAM Systems Stock Down 0.7 %

Shares of NYSE:EPAM opened at $247.25 on Friday. EPAM Systems, Inc. has a 12 month low of $197.99 and a 12 month high of $317.50. The company’s 50-day moving average price is $286.55 and its two-hundred day moving average price is $273.38. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. The firm has a market cap of $14.30 billion, a P/E ratio of 34.97, a P/E/G ratio of 10.94 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, topping 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The company’s revenue was down 6.0% on a year-over-year basis. As a group, research analysts forecast that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EPAM shares. JPMorgan Chase & Co. increased their price objective on shares of EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Barclays increased their price objective on shares of EPAM Systems from $305.00 to $315.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $265.00 to $350.00 in a research note on Friday, February 16th. Morgan Stanley dropped their price objective on shares of EPAM Systems from $250.00 to $236.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $369.00 target price on shares of EPAM Systems in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.33.

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.