Tobam Has $6.92 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Tobam lessened its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 60.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,261 shares of the information technology services provider's stock after selling 35,350 shares during the quarter. Tobam's holdings in EPAM Systems were worth $6,916,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Financial Freedom LLC purchased a new position in shares of EPAM Systems in the 4th quarter valued at about $34,000. Clear Street Markets LLC increased its holdings in shares of EPAM Systems by 93.1% in the 1st quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. VisionPoint Advisory Group LLC increased its holdings in EPAM Systems by 103.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider's stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Covestor Ltd increased its holdings in EPAM Systems by 134.4% during the 1st quarter. Covestor Ltd now owns 150 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 86 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in EPAM Systems by 123.3% during the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

EPAM has been the subject of several recent research reports. Wedbush raised their target price on shares of EPAM Systems from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Needham & Company LLC raised their target price on shares of EPAM Systems from $295.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Jefferies Financial Group restated a "hold" rating and set a $295.00 target price on shares of EPAM Systems in a report on Thursday, January 11th. Wolfe Research upgraded shares of EPAM Systems from a "peer perform" rating to an "outperform" rating and set a $355.00 target price for the company in a report on Thursday, January 4th. Finally, HSBC decreased their price target on shares of EPAM Systems from $350.00 to $345.00 and set a "buy" rating on the stock in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $331.33.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares of the company's stock, valued at $4,025,934.62. The sale was disclosed in a filing with the SEC, which is available at this link. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares of the company's stock, valued at $3,857,050.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares in the company, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock valued at $5,101,117 over the last ninety days. Corporate insiders own 3.20% of the company's stock.

EPAM Systems Trading Up 1.5 %

Shares of EPAM traded up $4.15 during mid-day trading on Tuesday, hitting $274.15. The company had a trading volume of 264,232 shares, compared to its average volume of 504,193. The business's 50-day simple moving average is $290.77 and its 200-day simple moving average is $273.71. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $197.99 and a 1-year high of $317.50. The stock has a market cap of $15.85 billion, a PE ratio of 38.78, a P/E/G ratio of 11.53 and a beta of 1.44.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the company earned $2.71 earnings per share. The company's quarterly revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that EPAM Systems, Inc. will post 7.72 earnings per share for the current 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.