EULAV Asset Management Sells 11,000 Shares of EPAM Systems, Inc. (NYSE:EPAM)

EULAV Asset Management cut its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,660 shares of the information technology services provider's stock after selling 11,000 shares during the quarter. EULAV Asset Management owned about 0.12% of EPAM Systems worth $11,593,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of EPAM Systems during the 4th quarter valued at $173,053,000. William Blair Investment Management LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at $166,906,000. Ameriprise Financial Inc. lifted its position in shares of EPAM Systems by 39.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after acquiring an additional 620,551 shares during the period. Marshall Wace LLP lifted its position in shares of EPAM Systems by 126.4% during 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 period. Finally, Capital World Investors lifted its position in shares of EPAM Systems by 22.0% during the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after acquiring an additional 414,942 shares during the period. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 1.8%

Shares of EPAM stock opened at $182.71 on Monday. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.44 and a beta of 1.70. The stock has a 50-day moving average of $173.82 and a 200-day moving average of $195.78. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. 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 announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.27 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 EPS. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Susquehanna lowered their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Scotiabank lowered their price target 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.

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