EPAM Systems, Inc. (NYSE:EPAM) Position Trimmed by Swiss National Bank

Swiss National Bank decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,800 shares of the information technology services provider’s stock after selling 10,800 shares during the period. Swiss National Bank’s holdings in EPAM Systems were worth $37,598,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC increased its stake in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares during the last quarter. Versant Capital Management Inc bought a new stake in EPAM Systems during the fourth quarter valued at $35,000. Manchester Capital Management LLC increased its stake in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter. Continuum Advisory LLC increased its stake in EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $182.28 on Monday. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $301.60. 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 company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.38 and a beta of 1.61. The firm has a 50-day moving average of $231.08 and a two-hundred day moving average of $222.49.

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

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EPAM shares. Barclays lowered their price target on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank lowered their price target on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, February 24th. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $267.33.

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.