EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Lowered by State of Michigan Retirement System

State of Michigan Retirement System lessened its position in EPAM Systems, Inc. (NYSE:EPAM) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,827 shares of the information technology services provider’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in EPAM Systems were worth $4,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clear Street Markets LLC grew its stake in shares of EPAM Systems by 93.1% in the first quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 54 shares in the last quarter. Financial Freedom LLC bought a new stake in shares of EPAM Systems during the 4th quarter worth about $34,000. VisionPoint Advisory Group LLC lifted its stake in shares of EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of 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 in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of EPAM Systems during the third quarter valued at approximately $45,000. 91.58% of the stock is currently owned by institutional investors.

Insider Activity

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the completion of the sale, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. Insiders sold a total of 16,820 shares of company stock worth $5,101,117 in the last three months. 3.20% of the stock is owned by insiders.

EPAM Systems Trading Down 0.4 %

EPAM Systems stock opened at $265.75 on Friday. EPAM Systems, Inc. has a 52 week low of $197.99 and a 52 week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 11.83 and a beta of 1.43. The company has a 50 day moving average price of $291.83 and a 200 day moving average price of $273.40.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, beating 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 the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $2.71 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Research analysts forecast that EPAM Systems, Inc. will post 7.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EPAM shares. Guggenheim assumed coverage on EPAM Systems in a research report on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $295.00 target price on shares of EPAM Systems in a report on Thursday, January 11th. Barclays upped their price target on shares of EPAM Systems from $305.00 to $315.00 and gave the company an “equal weight” rating in a report on Tuesday, February 20th. Mizuho lifted their price objective on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Morgan Stanley cut their target price on shares of EPAM Systems from $250.00 to $236.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $331.33.

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.