United Capital Financial Advisors LLC Trims Position in EPAM Systems, Inc. (NYSE:EPAM)

United Capital Financial Advisors LLC lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,036 shares of the information technology services provider’s stock after selling 97 shares during the period. United Capital Financial Advisors LLC’s holdings in EPAM Systems were worth $242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC raised its holdings in EPAM Systems by 27.3% during the fourth quarter. Jump Financial LLC now owns 16,080 shares of the information technology services provider’s stock worth $3,760,000 after purchasing an additional 3,451 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in EPAM Systems in the fourth quarter valued at $352,000. Guggenheim Capital LLC boosted its position in shares of EPAM Systems by 4.1% during the 4th quarter. Guggenheim Capital LLC now owns 3,982 shares of the information technology services provider’s stock worth $931,000 after purchasing an additional 157 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of EPAM Systems in the 4th quarter valued at about $9,812,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of EPAM Systems in the fourth quarter valued at about $1,532,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Down 1.1 %

EPAM Systems stock opened at $145.54 on Tuesday. The company has a 50 day moving average price of $184.79 and a 200 day moving average price of $214.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EPAM has been the subject of a number of research reports. StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Jefferies Financial Group dropped their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Barclays lowered their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Piper Sandler lowered shares of EPAM Systems from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $251.00 to $170.00 in a research report on Wednesday, April 16th. Finally, Morgan Stanley upped their target price on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.93.

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.