First Horizon Advisors Inc. Has $63,000 Stake in EPAM Systems, Inc. (NYSE:EPAM)

First Horizon Advisors Inc. trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268 shares of the information technology services provider’s stock after selling 57 shares during the period. First Horizon Advisors Inc.’s holdings in EPAM Systems were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Manning & Napier Advisors LLC lifted its holdings in shares of EPAM Systems by 48.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after acquiring an additional 217,960 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EPAM Systems by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after acquiring an additional 160,989 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after acquiring an additional 361,363 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of EPAM Systems by 10.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock worth $80,949,000 after acquiring an additional 33,715 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of EPAM Systems by 3.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider’s stock worth $61,400,000 after acquiring an additional 8,959 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Transactions at EPAM Systems

In related news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction 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 completion of the sale, the senior vice president now owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock valued at $2,129,924 in the last quarter. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Stock Performance

NYSE:EPAM opened at $208.87 on Friday. The company has a market capitalization of $11.85 billion, a PE ratio of 26.64, a P/E/G ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. 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 company has a 50 day simple moving average of $240.81 and a two-hundred day simple moving average of $222.51.

EPAM Systems (NYSE:EPAM) last announced 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). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EPAM. Jefferies Financial Group dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, November 8th. Susquehanna raised their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Piper Sandler raised their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $268.44.

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.