J. Safra Sarasin Holding AG Sells 2,432 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Key Points

• J. Safra Sarasin Holding AG reduced its stake in EPAM Systems by 30.1%, selling 2,432 shares, bringing its total ownership to 5,661 shares valued at approximately $956,000.
• EPAM Systems reported a quarterly earnings per share (EPS) of $2.41, exceeding analysts' expectations of $2.27, with revenue reaching $1.30 billion, an increase of 11.7% year-over-year.
• Analysts have mixed ratings on EPAM Systems, with a consensus rating of "Moderate Buy" and a price target averaging $231.73, after recent adjustments from various brokerages.

J. Safra Sarasin Holding AG decreased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 30.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,661 shares of the information technology services provider's stock after selling 2,432 shares during the quarter. J. Safra Sarasin Holding AG's holdings in EPAM Systems were worth $956,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after buying an additional 125 shares during the period. Sentry Investment Management LLC bought a new position in shares of EPAM Systems in the 1st quarter worth about $33,000. CX Institutional acquired a new stake in EPAM Systems during the first quarter worth approximately $42,000. First Horizon Advisors Inc. boosted its stake in EPAM Systems by 79.5% during the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after acquiring an additional 213 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in EPAM Systems by 149.2% in the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after acquiring an additional 470 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EPAM. Scotiabank reduced their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Morgan Stanley cut their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Wall Street Zen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Susquehanna lowered their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $231.73.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded up $2.15 during midday trading on Wednesday, reaching $151.48. 1,177,199 shares of the company traded hands, compared to its average volume of 605,618. The firm's fifty day moving average price is $171.04 and its two-hundred day moving average price is $185.93. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.67.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business earned $2.46 earnings per share. EPAM Systems's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts expect 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.