EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,093 shares of the information technology services provider's stock after selling 9,632 shares during the period. Teza Capital Management LLC's holdings in EPAM Systems were worth $1,892,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPAM. Aurora Investment Counsel raised its position in EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after purchasing an additional 45 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of EPAM Systems by 0.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock valued at $3,655,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC lifted its position 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. TD Private Client Wealth LLC boosted its stake in shares of EPAM Systems by 88.5% in the fourth 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 during the period. Finally, Inspire Advisors LLC grew its holdings in EPAM Systems by 4.3% during the 4th quarter. Inspire Advisors LLC now owns 2,877 shares of the information technology services provider's stock valued at $673,000 after purchasing an additional 118 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on EPAM shares. Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Susquehanna reduced 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. Scotiabank dropped their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Guggenheim upped their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC raised their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and an average target price of $231.50.

EPAM Systems Stock Performance

EPAM Systems stock traded down $5.50 during mid-day trading on Friday, reaching $175.13. The company's stock had a trading volume of 455,567 shares, compared to its average volume of 683,121. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The business has a 50 day moving average price of $164.70 and a 200-day moving average price of $210.53. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 EPS. Sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal 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.