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

Washington Trust Advisors Inc. trimmed its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205 shares of the information technology services provider’s stock after selling 44 shares during the period. Washington Trust Advisors Inc.’s holdings in EPAM Systems were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of EPAM Systems by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,791,017 shares of the information technology services provider’s stock valued at $1,736,395,000 after purchasing an additional 19,130 shares in the last quarter. BlackRock Inc. increased its position in EPAM Systems by 9.7% in the second quarter. BlackRock Inc. now owns 4,358,373 shares of the information technology services provider’s stock worth $979,544,000 after buying an additional 385,196 shares during the period. State Street Corp increased its position in EPAM Systems by 9.1% in the first quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock worth $733,197,000 after buying an additional 206,636 shares during the period. Capital World Investors grew its stake in shares of EPAM Systems by 2.2% in the first quarter. Capital World Investors now owns 1,764,856 shares of the information technology services provider’s stock worth $523,474,000 after purchasing an additional 38,642 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of EPAM Systems by 4.1% in the first quarter. Invesco Ltd. now owns 1,299,265 shares of the information technology services provider’s stock worth $385,376,000 after purchasing an additional 50,627 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Down 0.1 %

Shares of NYSE EPAM traded down $0.19 during mid-day trading on Thursday, reaching $276.18. 187,947 shares of the company traded hands, compared to its average volume of 522,190. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. The stock has a market cap of $15.97 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 11.69 and a beta of 1.45. The company’s fifty day moving average is $294.67 and its two-hundred day moving average is $273.19. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 EPS. On average, analysts expect that EPAM Systems, Inc. will post 7.73 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the transaction, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the transaction, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock valued at $5,101,117 in the last 90 days. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. HSBC raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Citigroup increased their price target on EPAM Systems from $312.00 to $325.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Barclays increased their price target on EPAM Systems from $305.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 20th. Stifel Nicolaus raised their price target on EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $265.00 to $350.00 in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.33.

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.