Olympiad Research LP Decreases Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Olympiad Research LP reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 47.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 881 shares of the information technology services provider’s stock after selling 805 shares during the period. Olympiad Research LP’s holdings in EPAM Systems were worth $206,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Van Berkom & Associates Inc. purchased a new stake in shares of EPAM Systems during the 4th quarter worth $1,510,000. Parcion Private Wealth LLC purchased a new stake in EPAM Systems in the fourth quarter valued at $207,000. Handelsbanken Fonder AB lifted its position in EPAM Systems by 52.5% in the fourth quarter. Handelsbanken Fonder AB now owns 13,800 shares of the information technology services provider’s stock valued at $3,227,000 after acquiring an additional 4,749 shares during the last quarter. Cumberland Partners Ltd purchased a new stake in EPAM Systems in the fourth quarter valued at $935,000. Finally, Ieq Capital LLC lifted its position in EPAM Systems by 189.5% in the fourth quarter. Ieq Capital LLC now owns 15,848 shares of the information technology services provider’s stock valued at $3,706,000 after acquiring an additional 10,373 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Down 7.2 %

NYSE EPAM opened at $208.98 on Monday. The stock has a market capitalization of $11.85 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The firm has a 50-day moving average price of $243.56 and a 200 day moving average price of $222.44. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock valued at $2,129,924 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Mizuho boosted their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Jefferies Financial Group reduced their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $269.83.

EPAM Systems Company 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.