Motley Fool Asset Management LLC Sells 110 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Motley Fool Asset Management LLC lowered its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 9.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,068 shares of the information technology services provider’s stock after selling 110 shares during the period. Motley Fool Asset Management LLC’s holdings in EPAM Systems were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. International Assets Investment Management LLC bought a new stake in shares of EPAM Systems during the 4th quarter worth $663,080,000. Royal Bank of Canada grew its position in shares of EPAM Systems by 265.7% in the third quarter. Royal Bank of Canada now owns 183,284 shares of the information technology services provider’s stock valued at $46,864,000 after purchasing an additional 133,163 shares during the last quarter. Lone Pine Capital LLC increased its stake in shares of EPAM Systems by 9.2% in the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock worth $269,556,000 after purchasing an additional 88,641 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of EPAM Systems by 95.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 166,346 shares of the information technology services provider’s stock worth $42,533,000 after purchasing an additional 81,386 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at approximately $13,402,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM stock opened at $237.75 on Friday. The firm’s 50 day moving average price is $282.43 and its two-hundred day moving average price is $273.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems, Inc. has a 52-week low of $197.99 and a 52-week high of $317.50. The stock has a market cap of $13.79 billion, a PE ratio of 33.63, a PEG ratio of 10.35 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.24. The business 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 firm’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $2.71 EPS. As a group, analysts forecast that EPAM Systems, Inc. will post 7.72 EPS for the current year.

Wall Street Analyst Weigh In

EPAM has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Piper Sandler reissued an “overweight” rating and set a $369.00 target price on shares of EPAM Systems in a research report on Monday, March 4th. Barclays decreased their price objective on EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a report on Friday. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $265.00 to $350.00 in a research report on Friday, February 16th. Finally, Wolfe Research upgraded shares of EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price objective for the company in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.93.

Insider Activity at EPAM Systems

In related news, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock worth $5,101,117 in the last ninety days. Company insiders own 4.30% of the company’s stock.

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.