EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 39.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 125 shares of the information technology services provider’s stock after selling 80 shares during the quarter. Washington Trust Advisors Inc.’s holdings in EPAM Systems were worth $29,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC boosted its stake in EPAM Systems by 48.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after purchasing an additional 217,960 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EPAM Systems by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,144 shares of the information technology services provider’s stock worth $122,088,000 after purchasing an additional 6,793 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in EPAM Systems by 10.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock worth $80,949,000 after purchasing an additional 33,715 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in EPAM Systems by 3.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider’s stock worth $61,400,000 after purchasing an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock worth $2,129,924 over the last three months. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered 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 note on Tuesday, January 21st. Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Scotiabank lowered their target price on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. Mizuho lifted their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley lifted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $268.44.

EPAM Systems Stock Down 1.5 %

Shares of EPAM opened at $197.15 on Friday. The firm has a market cap of $11.18 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company’s 50-day moving average price is $237.33 and its 200 day moving average price is $222.78. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

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 (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 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, sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.