Oak Ridge Investments LLC trimmed its position in shares of EPAM Systems Inc (NYSE:EPAM) by 21.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 107,663 shares of the information technology services provider’s stock after selling 29,261 shares during the period. EPAM Systems accounts for 2.0% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 5th largest holding. Oak Ridge Investments LLC’s holdings in EPAM Systems were worth $19,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EPAM. Dupont Capital Management Corp increased its holdings in shares of EPAM Systems by 95.1% in the fourth quarter. Dupont Capital Management Corp now owns 2,550 shares of the information technology services provider’s stock valued at $541,000 after purchasing an additional 1,243 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of EPAM Systems by 4.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 228,728 shares of the information technology services provider’s stock valued at $48,527,000 after purchasing an additional 9,740 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of EPAM Systems in the fourth quarter valued at $759,000. MAI Capital Management acquired a new position in shares of EPAM Systems in the fourth quarter valued at $73,843,000. Finally, First Trust Advisors LP increased its holdings in shares of EPAM Systems by 11.5% in the fourth quarter. First Trust Advisors LP now owns 233,333 shares of the information technology services provider’s stock valued at $49,504,000 after purchasing an additional 24,018 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Several equities analysts have commented on EPAM shares. Susquehanna Bancshares downgraded shares of EPAM Systems from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $274.00 to $230.00 in a report on Friday, April 24th. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Thursday, March 26th. Needham & Company LLC upped their price target on shares of EPAM Systems from $200.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Co downgraded shares of EPAM Systems from an “overweight” rating to an “equal weight” rating and set a $220.00 price target on the stock. in a research note on Friday, May 8th. Finally, KeyCorp upped their price target on shares of EPAM Systems from $252.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $243.25.

EPAM traded down $2.03 on Wednesday, hitting $230.60. 11,998 shares of the stock were exchanged, compared to its average volume of 358,426. EPAM Systems Inc has a 12 month low of $151.97 and a 12 month high of $248.27. The business has a 50-day moving average of $215.75 and a two-hundred day moving average of $212.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.87 and a quick ratio of 3.87. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 3.07 and a beta of 1.31.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.03. EPAM Systems had a net margin of 11.79% and a return on equity of 18.45%. The business had revenue of $651.36 million during the quarter, compared to analysts’ expectations of $650.01 million. During the same quarter in the prior year, the business posted $1.25 earnings per share. EPAM Systems’s revenue was up 24.9% compared to the same quarter last year. Equities research analysts expect that EPAM Systems Inc will post 4.48 earnings per share for the current fiscal year.

In other news, SVP Boris Shnayder sold 8,471 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $233.21, for a total value of $1,975,521.91. Following the completion of the transaction, the senior vice president now owns 13,524 shares of the company’s stock, valued at $3,153,932.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald P. Vargo sold 1,500 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $224.78, for a total transaction of $337,170.00. Following the completion of the transaction, the director now directly owns 7,549 shares of the company’s stock, valued at approximately $1,696,864.22. The disclosure for this sale can be found here. Insiders sold 47,448 shares of company stock valued at $10,379,743 in the last three months. Company insiders own 5.40% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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