Captrust Financial Advisors Sells 2,211 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Captrust Financial Advisors decreased its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,466 shares of the information technology services provider's stock after selling 2,211 shares during the quarter. Captrust Financial Advisors' holdings in EPAM Systems were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Bayesian Capital Management LP grew its holdings in shares of EPAM Systems by 10.5% in the fourth quarter. Bayesian Capital Management LP now owns 5,266 shares of the information technology services provider's stock valued at $1,231,000 after purchasing an additional 500 shares in the last quarter. BNP Paribas Financial Markets lifted its position in EPAM Systems by 63.5% during the fourth quarter. BNP Paribas Financial Markets now owns 143,187 shares of the information technology services provider's stock valued at $33,480,000 after purchasing an additional 55,618 shares during the last quarter. Algert Global LLC purchased a new position in shares of EPAM Systems in the 4th quarter worth $3,262,000. Ameriprise Financial Inc. increased its holdings in shares of EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after buying an additional 620,551 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new stake in shares of EPAM Systems in the 4th quarter worth about $273,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPAM has been the subject of several recent research reports. Needham & Company LLC lifted their price target on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Jefferies Financial Group lowered their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Scotiabank dropped their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Guggenheim raised their price target on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $231.50.

EPAM Systems Trading Up 0.0%

EPAM Systems stock traded up $0.06 during trading hours on Monday, hitting $183.66. The company had a trading volume of 763,843 shares, compared to its average volume of 682,373. 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 firm has a market cap of $10.48 billion, a P/E ratio of 23.43, a P/E/G ratio of 3.38 and a beta of 1.71. The company has a 50-day moving average price of $164.77 and a two-hundred day moving average price of $210.99. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 earnings per share. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

About EPAM Systems

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.