Cerity Partners LLC Decreases Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Cerity Partners LLC decreased its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,280 shares of the information technology services provider's stock after selling 5,865 shares during the period. Cerity Partners LLC owned about 0.10% of EPAM Systems worth $17,720,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of EPAM Systems by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,791,017 shares of the information technology services provider's stock valued at $1,736,395,000 after purchasing an additional 19,130 shares in the last quarter. State Street Corp raised its stake in shares of EPAM Systems by 9.1% in the 1st quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider's stock valued at $733,197,000 after buying an additional 206,636 shares in the last quarter. Capital World Investors lifted its holdings in shares of EPAM Systems by 2.2% during the 1st quarter. Capital World Investors now owns 1,764,856 shares of the information technology services provider's stock worth $523,474,000 after acquiring an additional 38,642 shares during the period. Invesco Ltd. boosted its position in shares of EPAM Systems by 4.1% during the 1st quarter. Invesco Ltd. now owns 1,299,265 shares of the information technology services provider's stock valued at $385,376,000 after acquiring an additional 50,627 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in EPAM Systems by 1.9% in the first quarter. Geode Capital Management LLC now owns 1,168,591 shares of the information technology services provider's stock valued at $348,607,000 after acquiring an additional 22,326 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EPAM. Needham & Company LLC lifted their price objective on EPAM Systems from $295.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Barclays increased their price objective on EPAM Systems from $305.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 20th. Scotiabank upgraded shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $265.00 to $350.00 in a research note on Friday, February 16th. Morgan Stanley dropped their target price on shares of EPAM Systems from $250.00 to $236.00 and set an "underweight" rating for the company in a research report on Friday, March 22nd. Finally, Wedbush restated an "outperform" rating and issued a $340.00 price target on shares of EPAM Systems in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of "Moderate Buy" and an average target price of $331.33.

Insider Buying and Selling

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was 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 owns 12,770 shares in the company, valued at $3,857,050.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares of the company's stock, valued at $3,707,802. The disclosure for this sale can be found here. Insiders sold a total of 16,820 shares of company stock valued at $5,101,117 over the last ninety days. Insiders own 3.20% of the company's stock.

EPAM Systems Trading Down 2.8 %

NYSE:EPAM traded down $7.35 during trading hours on Friday, hitting $259.16. 255,787 shares of the stock were exchanged, compared to its average volume of 443,954. The company has a market capitalization of $14.99 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 11.30 and a beta of 1.43. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $289.53 and its two-hundred day moving average is $273.81. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50.

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 for the quarter, topping analysts' consensus estimates of $2.51 by $0.24. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.71 earnings per share. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 7.72 earnings per share for the current fiscal 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.