EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lowered its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 38.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 411,650 shares of the information technology services provider's stock after selling 252,636 shares during the period. Manning & Napier Advisors LLC owned about 0.72% of EPAM Systems worth $69,503,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EPAM. EverSource Wealth Advisors LLC increased its stake in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake 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 purchasing an additional 125 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems during the first quarter worth about $33,000. TD Private Client Wealth LLC increased its stake in shares of EPAM Systems by 88.5% during the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of EPAM Systems during the first quarter worth about $42,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus dropped their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. 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. 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 report on Wednesday, April 23rd. Finally, Wall Street Zen lowered EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus price target of $233.93.

EPAM Systems Trading Up 0.4%

Shares of NYSE:EPAM traded up $0.61 during mid-day trading on Wednesday, reaching $173.36. 517,917 shares of the company were exchanged, compared to its average volume of 691,233. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.29 and a beta of 1.72. The firm's 50-day simple moving average is $169.96 and its 200 day simple moving average is $199.79. 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 posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $2.46 EPS. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems Company 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.