Natixis Sells 10,199 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Natixis lessened its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,797 shares of the information technology services provider's stock after selling 10,199 shares during the quarter. Natixis owned approximately 0.08% of EPAM Systems worth $10,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying 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 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. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the 4th quarter valued at $35,000. Manchester Capital Management LLC grew its holdings in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in EPAM Systems during the 4th quarter valued at about $49,000. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.30% of the company's stock.

Analyst Ratings Changes

EPAM has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Susquehanna decreased their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Scotiabank dropped their target price on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, February 24th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $235.56.

EPAM Systems Stock Up 0.2 %

Shares of NYSE EPAM traded up $0.28 during mid-day trading on Friday, reaching $158.31. 186,512 shares of the company's stock were exchanged, compared to its average volume of 695,371. 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 fifty day simple moving average of $177.96 and a 200 day simple moving average of $213.56. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, equities analysts expect 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.