Vontobel Holding Ltd. Sells 104 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Vontobel Holding Ltd. decreased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,899 shares of the information technology services provider’s stock after selling 104 shares during the period. Vontobel Holding Ltd.’s holdings in EPAM Systems were worth $1,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Natixis Advisors L.P. raised its stake in EPAM Systems by 5.1% during the third quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock valued at $7,210,000 after purchasing an additional 1,370 shares in the last quarter. Lone Pine Capital LLC raised its stake in EPAM Systems by 9.2% during the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock valued at $269,556,000 after purchasing an additional 88,641 shares in the last quarter. TD Asset Management Inc raised its stake in EPAM Systems by 2.5% during the third quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider’s stock valued at $16,127,000 after purchasing an additional 1,558 shares in the last quarter. Wellington Management Group LLP purchased a new stake in EPAM Systems during the third quarter valued at $13,402,000. Finally, Assenagon Asset Management S.A. raised its stake in EPAM Systems by 131.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 78,156 shares of the information technology services provider’s stock valued at $23,239,000 after purchasing an additional 44,388 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

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 transaction, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the sale, the senior vice president now directly owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Balazs Fejes sold 3,470 shares of the firm’s 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 completion of the sale, the executive vice president now owns 13,334 shares in the company, valued at $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 worth $5,101,117 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EPAM. Susquehanna upped their price target on shares of EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Morgan Stanley reduced their target price on shares of EPAM Systems from $250.00 to $236.00 and set an “underweight” rating on the stock in a research note on Friday, March 22nd. Wolfe Research raised shares of EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 target price on the stock in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their target price 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. Finally, Guggenheim assumed coverage on shares of EPAM Systems in a research note on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and an average price target of $331.33.

EPAM Systems Trading Down 0.5 %

NYSE EPAM opened at $245.96 on Friday. The company’s 50-day moving average price is $285.74 and its 200-day moving average price is $273.57. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The stock has a market cap of $14.26 billion, a PE ratio of 34.79, a PEG ratio of 10.79 and a beta of 1.43. EPAM Systems, Inc. has a 12 month low of $197.99 and a 12 month high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results 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 analysts’ expectations of $1.14 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts forecast that EPAM Systems, Inc. will post 7.72 earnings per share for the current year.

About EPAM Systems

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.