Bank of Montreal Can Sells 69,400 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Bank of Montreal Can cut its stake in EPAM Systems, Inc. (NYSE:EPAM) by 55.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,894 shares of the information technology services provider’s stock after selling 69,400 shares during the period. Bank of Montreal Can owned 0.10% of EPAM Systems worth $13,069,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings 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 buying an additional 69 shares during the period. Versant Capital Management Inc acquired a new position in EPAM Systems in the fourth quarter valued at $35,000. Manchester Capital Management LLC boosted its position in EPAM Systems by 590.0% during the fourth 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 last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in EPAM Systems during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

EPAM stock opened at $147.54 on Friday. 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 business has a 50-day simple moving average of $198.41 and a two-hundred day simple moving average of $216.64. The company has a market capitalization of $8.42 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (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 analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the business’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 value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPAM. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Scotiabank reduced 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 research report on Monday, February 24th. Barclays lowered their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Finally, 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 note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.80.

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.