Brown Advisory Inc. Sells 159 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Brown Advisory Inc. trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,950 shares of the information technology services provider’s stock after selling 159 shares during the quarter. Brown Advisory Inc.’s holdings in EPAM Systems were worth $667,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Capital World Investors grew its stake in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after buying an additional 414,942 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock worth $510,053,000 after buying an additional 620,551 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EPAM Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider’s stock worth $314,616,000 after buying an additional 37,119 shares during the last quarter. Ninety One UK Ltd purchased a new stake in shares of EPAM Systems in the 1st quarter worth approximately $186,280,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider’s stock worth $191,471,000 after buying an additional 401,355 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Price Performance

NYSE EPAM opened at $168.06 on Tuesday. The business’s fifty day moving average price is $175.80 and its 200-day moving average price is $193.51. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.27 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $2.46 EPS. EPAM Systems’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on EPAM. Barclays increased their target price on EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Stifel Nicolaus cut their target price on EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Piper Sandler increased their target price on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, Needham & Company LLC increased their target price on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.93.

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.