Swiss National Bank Has $53.91 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Swiss National Bank decreased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,300 shares of the information technology services provider's stock after selling 5,000 shares during the period. Swiss National Bank owned about 0.31% of EPAM Systems worth $53,908,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased 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 during the period. Lone Pine Capital LLC increased its stake in shares of EPAM Systems by 9.2% during the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider's stock valued at $269,556,000 after acquiring an additional 88,641 shares during the period. Northern Trust Corp increased its stake in shares of EPAM Systems by 6.2% during the third quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider's stock valued at $183,243,000 after acquiring an additional 42,077 shares during the period. Bank of New York Mellon Corp increased its stake in shares of EPAM Systems by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 398,400 shares of the information technology services provider's stock valued at $101,867,000 after acquiring an additional 4,888 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of EPAM Systems by 11.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 385,135 shares of the information technology services provider's stock valued at $98,475,000 after acquiring an additional 40,343 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Up 1.4 %

EPAM stock traded up $3.33 during midday trading on Tuesday, reaching $249.72. The company had a trading volume of 421,152 shares, compared to its average volume of 495,981. EPAM Systems, Inc. has a 1 year low of $197.99 and a 1 year 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 market capitalization of $14.48 billion, a P/E ratio of 35.32, a PEG ratio of 10.58 and a beta of 1.46. The company has a 50 day moving average of $272.17 and a two-hundred day moving average of $273.96.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.24. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. EPAM Systems's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.71 EPS. On average, equities research analysts expect that EPAM Systems, Inc. will post 7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on EPAM. Citigroup lowered their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a "neutral" rating on the stock in a research note on Monday, April 22nd. Morgan Stanley upgraded shares of EPAM Systems from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $236.00 to $225.00 in a research note on Friday, April 26th. JPMorgan Chase & Co. reduced their target price on shares of EPAM Systems from $331.00 to $311.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Wedbush restated an "outperform" rating and set a $340.00 target price on shares of EPAM Systems in a report on Wednesday, April 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $315.60.

Insider Activity

In related news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the firm's stock in a transaction on 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 sale, the senior vice president now directly owns 12,117 shares in the company, valued at approximately $3,707,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sergey Yezhkov sold 8,000 shares of the firm's stock in a transaction on 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 completion of the sale, 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. In the last 90 days, insiders have sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is owned by corporate insiders.

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.