Metis Global Partners LLC Reduces Stake in EPAM Systems, Inc. (NYSE:EPAM)

Metis Global Partners LLC reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,924 shares of the information technology services provider’s stock after selling 105 shares during the period. Metis Global Partners LLC’s holdings in EPAM Systems were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. West Michigan Advisors LLC purchased a new position in EPAM Systems during the fourth quarter valued at $214,000. Versor Investments LP lifted its position in EPAM Systems by 98.2% during the fourth quarter. Versor Investments LP now owns 6,102 shares of the information technology services provider’s stock valued at $1,427,000 after purchasing an additional 3,024 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in EPAM Systems during the fourth quarter valued at $3,772,000. Illinois Municipal Retirement Fund lifted its position in EPAM Systems by 9.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 36,566 shares of the information technology services provider’s stock valued at $8,550,000 after purchasing an additional 3,184 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in EPAM Systems during the fourth quarter valued at $1,178,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 over the last ninety days. 4.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Scotiabank lowered their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, November 8th. Susquehanna raised their price target on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their price target for the company from $235.00 to $295.00 in a report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $268.44.

EPAM Systems Trading Up 1.1 %

Shares of EPAM stock opened at $200.14 on Thursday. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $238.18 and its 200-day moving average price is $222.94. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51.

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

About EPAM Systems

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.