AXQ Capital LP Trims Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

AXQ Capital LP trimmed its position in EPAM Systems, Inc. (NYSE:EPAM) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,398 shares of the information technology services provider’s stock after selling 656 shares during the quarter. AXQ Capital LP’s holdings in EPAM Systems were worth $1,262,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in 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 valued at $27,000 after buying an additional 54 shares during the period. TD Private Client Wealth LLC lifted its stake in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC raised its position in shares of EPAM Systems by 590.0% in 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 period. Finally, Continuum Advisory LLC raised its position in shares of EPAM Systems by 5,240.0% in 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 period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Up 2.0 %

NYSE EPAM opened at $175.64 on Friday. The stock has a market cap of $9.99 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a 50 day simple moving average of $226.19 and a two-hundred day simple moving average of $221.45. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $283.47.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.21 billion. On average, analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Scotiabank reduced their price target on shares of 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. Jefferies Financial Group cut their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average target price of $262.47.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by company insiders.

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.