New York State Common Retirement Fund Sells 5,973 Shares of EPAM Systems, Inc. (NYSE:EPAM)

New York State Common Retirement Fund cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,577 shares of the information technology services provider's stock after selling 5,973 shares during the period. New York State Common Retirement Fund owned about 0.10% of EPAM Systems worth $16,525,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its position in shares of EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 90 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in EPAM Systems in the third quarter worth about $45,000. NBC Securities Inc. bought a new position in EPAM Systems in the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC lifted its holdings in EPAM Systems by 46.6% in the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider's stock worth $55,000 after acquiring an additional 68 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays cut their target price on shares of EPAM Systems from $315.00 to $265.00 and set an "equal weight" rating on the stock in a report on Friday. Stifel Nicolaus raised their target price on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a "buy" rating in a report on Monday, February 12th. Jefferies Financial Group reaffirmed a "hold" rating and set a $295.00 price target on shares of EPAM Systems in a report on Thursday, January 11th. Morgan Stanley raised EPAM Systems from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $236.00 to $225.00 in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on EPAM Systems from $315.00 to $334.00 and gave the company an "overweight" rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.60.

Insider Activity at EPAM Systems

In related news, SVP Sergey Yezhkov sold 8,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company's stock, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the business'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 transaction, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 12,770 shares in the company, valued at $3,857,050.80. 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 quarter. 4.30% of the stock is owned by company insiders.

EPAM Systems Stock Performance

EPAM traded up $1.46 during trading on Monday, hitting $239.21. The stock had a trading volume of 297,762 shares, compared to its average volume of 503,547. The firm has a market cap of $13.87 billion, a PE ratio of 33.83, a P/E/G ratio of 10.37 and a beta of 1.44. EPAM Systems, Inc. has a 12 month low of $197.99 and a 12 month high of $317.50. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $280.94 and a 200-day simple moving average of $273.73.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $2.71 EPS. The business's revenue was down 6.0% compared to the same quarter last year. Analysts expect that EPAM Systems, Inc. will post 7.72 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.