Mn Services Vermogensbeheer B.V. Sells 1,600 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Mn Services Vermogensbeheer B.V. lowered its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,100 shares of the information technology services provider's stock after selling 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in EPAM Systems were worth $3,563,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in EPAM Systems by 2,500.0% during the 4th 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. Sentry Investment Management LLC bought a new stake in EPAM Systems during the 1st quarter valued at $33,000. TD Private Client Wealth LLC increased its stake in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Finally, CX Institutional bought a new stake in EPAM Systems during the 1st quarter valued at $42,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded down $2.04 on Friday, reaching $162.98. The stock had a trading volume of 1,222,755 shares, compared to its average volume of 692,035. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a market cap of $9.23 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 2.16 and a beta of 1.72. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $168.71 and its two-hundred day moving average is $200.98.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $2.46 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC boosted their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Scotiabank cut their price target on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Susquehanna dropped their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays upped their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

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.