Polen Capital Management LLC Has $3.15 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Polen Capital Management LLC decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,454 shares of the information technology services provider’s stock after selling 7,268 shares during the quarter. Polen Capital Management LLC’s holdings in EPAM Systems were worth $3,146,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 54 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of EPAM Systems during the 4th quarter worth $35,000. Manchester Capital Management LLC increased its stake in shares of EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 177 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of EPAM Systems by 5,240.0% during the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EPAM shares. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Morgan Stanley upped their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Barclays decreased their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Scotiabank decreased their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and a consensus target price of $267.33.

EPAM Systems Price Performance

NYSE:EPAM opened at $182.28 on Monday. The company has a 50-day moving average of $231.08 and a 200-day moving average of $222.49. 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. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $301.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.

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

Insider Transactions at EPAM Systems

In related 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 transaction of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.30% of the stock is owned by insiders.

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.