ING Groep NV Has $1.69 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

ING Groep NV decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,244 shares of the information technology services provider’s stock after selling 371 shares during the period. ING Groep NV’s holdings in EPAM Systems were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in EPAM Systems during the fourth quarter worth $35,000. Farther Finance Advisors LLC lifted its position in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of EPAM Systems during the 3rd quarter worth approximately $44,000. Manchester Capital Management LLC raised its stake in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 177 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in EPAM Systems during the 3rd quarter valued at $52,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 7.2 %

Shares of NYSE:EPAM opened at $208.98 on Monday. The stock has a market cap of $11.85 billion, a P/E ratio of 26.66, a PEG ratio of 3.38 and a beta of 1.51. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $243.56 and a two-hundred day moving average of $222.44. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50.

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 the consensus estimate of $2.75 by ($0.52). The company 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%. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insider Activity

In related news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction 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 in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock valued at $2,129,924 in the last three months. 4.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on EPAM. Mizuho increased their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Susquehanna lifted their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Citigroup increased their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.