California Public Employees Retirement System Has $29.39 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

California Public Employees Retirement System reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,854 shares of the information technology services provider’s stock after selling 3,117 shares during the quarter. California Public Employees Retirement System’s holdings in EPAM Systems were worth $29,393,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EPAM. VisionPoint Advisory Group LLC grew its holdings in shares of EPAM Systems by 103.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Lindbrook Capital LLC grew its position in EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 90 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in EPAM Systems in the third quarter valued at about $45,000. NBC Securities Inc. bought a new position in EPAM Systems in the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC grew its position in EPAM Systems by 46.6% in the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 68 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value 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 disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock worth $5,101,117 in the last quarter. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Trading Up 0.3 %

Shares of EPAM Systems stock opened at $237.75 on Friday. The stock has a fifty day simple moving average of $280.94 and a 200 day simple moving average of $273.37. EPAM Systems, Inc. has a 12-month low of $197.99 and a 12-month high of $317.50. The company has a market capitalization of $13.79 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 10.35 and a beta of 1.43. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 EPS. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on EPAM shares. Piper Sandler reiterated an “overweight” rating and issued a $369.00 target price on shares of EPAM Systems in a research report on Monday, March 4th. Citigroup cut their price objective on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Barclays dropped their price target on EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Friday. Wolfe Research raised EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price target on the stock in a research note on Thursday, January 4th. Finally, Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $265.00 to $350.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.93.

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.