EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,716 shares of the information technology services provider’s stock after selling 389 shares during the period. Retirement Systems of Alabama’s holdings in EPAM Systems were worth $3,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Atria Wealth Solutions Inc. lifted its position in shares of EPAM Systems by 3.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock worth $367,000 after purchasing an additional 40 shares during the last quarter. Transatlantique Private Wealth LLC grew its position in shares of EPAM Systems by 1.5% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 3,313 shares of the information technology services provider’s stock worth $841,000 after acquiring an additional 48 shares in the last quarter. Renaissance Group LLC increased its holdings in shares of EPAM Systems by 1.1% in the 3rd quarter. Renaissance Group LLC now owns 4,903 shares of the information technology services provider’s stock valued at $1,254,000 after acquiring an additional 52 shares during the last quarter. Arizona State Retirement System raised its position in shares of EPAM Systems by 0.4% during the 3rd quarter. Arizona State Retirement System now owns 15,797 shares of the information technology services provider’s stock valued at $4,039,000 after acquiring an additional 56 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in EPAM Systems by 4.1% during the third quarter. SkyView Investment Advisors LLC now owns 1,676 shares of the information technology services provider’s stock worth $429,000 after purchasing an additional 66 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems 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 owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 value of $2,416,320.00. Following the completion of the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Balazs Fejes sold 3,470 shares of the firm’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 directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock valued at $5,101,117 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho increased their target price on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Guggenheim began coverage on shares of EPAM Systems in a research note on Tuesday, March 19th. They set a “buy” rating and a $350.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Citigroup lowered their price target on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, Needham & Company LLC raised their price objective on shares of EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $315.60.

EPAM Systems Stock Performance

Shares of EPAM opened at $246.34 on Tuesday. The firm has a market cap of $14.29 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 10.58 and a beta of 1.46. The company’s fifty day moving average is $273.31 and its 200-day moving average is $273.77. 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 12 month low of $197.99 and a 12 month high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, topping the consensus estimate of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 earnings per share. Equities analysts expect that EPAM Systems, Inc. will post 7.7 EPS for the current fiscal 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.