Mackenzie Financial Corp Sells 1,537 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Mackenzie Financial Corp reduced its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 32.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,187 shares of the information technology services provider's stock after selling 1,537 shares during the quarter. Mackenzie Financial Corp's holdings in EPAM Systems were worth $745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 125 shares in the last quarter. TD Private Client Wealth LLC lifted its position in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in EPAM Systems in the fourth quarter worth $49,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lifted their price objective on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Guggenheim upped their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus reduced their target price on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Susquehanna dropped their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Scotiabank reduced their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded down $1.14 during trading on Thursday, hitting $174.51. The company had a trading volume of 664,025 shares, compared to its average volume of 701,872. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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 capitalization of $9.89 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The stock has a 50 day simple moving average of $164.45 and a 200 day simple moving average of $206.62.

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

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.