Mn Services Vermogensbeheer B.V. Has $7.85 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Mn Services Vermogensbeheer B.V. trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM) by 7.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,400 shares of the information technology services provider’s stock after selling 2,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in EPAM Systems were worth $7,850,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. boosted its stake in EPAM Systems by 6.0% during the 4th quarter. Sovereign Financial Group Inc. now owns 792 shares of the information technology services provider’s stock valued at $260,000 after purchasing an additional 45 shares during the period. Transatlantique Private Wealth LLC grew its stake in shares of EPAM Systems by 1.5% in the third 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 during the last quarter. Horizon Investments LLC grew its stake in shares of EPAM Systems by 6.2% in the second quarter. Horizon Investments LLC now owns 855 shares of the information technology services provider’s stock worth $192,000 after acquiring an additional 50 shares during the last quarter. Renaissance Group LLC increased its position in EPAM Systems by 1.1% during the third quarter. Renaissance Group LLC now owns 4,903 shares of the information technology services provider’s stock worth $1,254,000 after acquiring an additional 52 shares during the period. Finally, Clear Street Markets LLC raised its stake in EPAM Systems by 93.1% during the 1st quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 1.7 %

NYSE EPAM opened at $254.87 on Tuesday. The stock’s 50 day simple moving average is $288.85 and its 200 day simple moving average is $273.77. EPAM Systems, Inc. has a one year low of $197.99 and a one year high of $317.50. The firm has a market cap of $14.74 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 11.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79.

EPAM Systems (NYSE:EPAM) last announced 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 company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations 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 business earned $2.71 earnings per share. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of EPAM Systems from $305.00 to $315.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 20th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $265.00 to $350.00 in a research report on Friday, February 16th. Wolfe Research upgraded EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price objective on the stock in a research report on Thursday, January 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $295.00 target price on shares of EPAM Systems in a research report on Thursday, January 11th. Finally, Mizuho boosted their price target on shares of EPAM Systems from $340.00 to $345.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $331.33.

Insider Buying and Selling

In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at approximately $3,707,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Balazs Fejes sold 3,470 shares of the business’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 transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the completion of the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. 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. Insiders own 3.20% of the company’s stock.

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.