EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,496 shares of the information technology services provider’s stock after selling 624 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.23% of EPAM Systems worth $37,419,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Flossbach Von Storch AG increased its holdings in shares of EPAM Systems by 46.7% in the 4th quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock valued at $3,271,000 after acquiring an additional 3,500 shares during the last quarter. Wellington Management Group LLP bought a new position in EPAM Systems in the 3rd quarter valued at about $13,402,000. Charles Schwab Investment Management Inc. boosted its stake in EPAM Systems by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 394,211 shares of the information technology services provider’s stock valued at $117,215,000 after purchasing an additional 17,609 shares in the last quarter. Versor Investments LP acquired a new position in shares of EPAM Systems in the 4th quarter worth approximately $357,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of EPAM Systems by 372.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock worth $141,627,000 after acquiring an additional 375,439 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Redburn Atlantic assumed coverage on shares of EPAM Systems in a research note on Friday, May 24th. They set a “neutral” rating and a $195.00 price target on the stock. Morgan Stanley upgraded EPAM Systems from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $236.00 to $225.00 in a report on Friday, April 26th. Scotiabank cut shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $300.00 to $245.00 in a report on Friday, May 10th. Finally, Mizuho reduced their price objective on EPAM Systems from $345.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems has a consensus rating of “Hold” and an average price target of $272.11.

View Our Latest Report on EPAM

EPAM Systems Trading Down 0.7 %

EPAM stock opened at $184.14 on Monday. The business has a fifty day moving average of $191.38 and a 200-day moving average of $253.07. The company has a market cap of $10.67 billion, a P/E ratio of 25.19, a PEG ratio of 4.26 and a beta of 1.45. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAMGet Free Report) last released its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, equities research analysts expect that EPAM Systems, Inc. will post 7.8 EPS for the current year.

EPAM Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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