Ensign Peak Advisors Inc Sells 17,184 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Ensign Peak Advisors Inc lowered its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,058 shares of the information technology services provider's stock after selling 17,184 shares during the period. Ensign Peak Advisors Inc owned about 0.16% of EPAM Systems worth $21,525,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EPAM. Capital World Investors grew its holdings in EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after purchasing an additional 414,942 shares during the period. Ameriprise Financial Inc. boosted its stake in 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 purchasing an additional 620,551 shares during the period. Geode Capital Management LLC grew its holdings in EPAM Systems by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after buying an additional 37,119 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in EPAM Systems by 96.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after buying an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock valued at $179,944,000 after acquiring an additional 429,644 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Down 1.4%

Shares of EPAM stock traded down $2.61 during trading hours on Wednesday, reaching $184.29. 1,143,813 shares of the stock traded hands, compared to its average volume of 682,363. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The business has a fifty day moving average price of $165.05 and a 200 day moving average price of $210.80. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.52 billion, a PE ratio of 23.51, a PEG ratio of 3.38 and a beta of 1.71.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Scotiabank decreased their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Barclays increased their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday. Needham & Company LLC increased their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Jefferies Financial Group dropped their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $231.50.

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.