Amundi Pioneer Asset Management Inc. lowered its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,451 shares of the information technology services provider’s stock after selling 24,688 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.38% of EPAM Systems worth $23,950,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EPAM. Paradigm Asset Management Co. LLC purchased a new stake in shares of EPAM Systems during the third quarter worth about $76,000. SG Americas Securities LLC purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $123,000. Tower Research Capital LLC TRC grew its position in shares of EPAM Systems by 60.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,072 shares of the information technology services provider’s stock worth $148,000 after purchasing an additional 403 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $167,000. Finally, Point72 Hong Kong Ltd grew its position in shares of EPAM Systems by 721.1% during the third quarter. Point72 Hong Kong Ltd now owns 1,248 shares of the information technology services provider’s stock worth $172,000 after purchasing an additional 1,096 shares in the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a research note on Tuesday, January 8th. Wedbush increased their price target on EPAM Systems from $150.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. SunTrust Banks increased their price target on EPAM Systems to $165.00 and gave the company a “buy” rating in a research note on Monday, February 11th. KeyCorp increased their price target on EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on EPAM Systems to $167.00 and gave the company an “overweight” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $154.73.

In other news, Director Ronald P. Vargo sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $159.64, for a total value of $319,280.00. Following the completion of the sale, the director now directly owns 10,276 shares of the company’s stock, valued at approximately $1,640,460.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Boris Shnayder sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $159.90, for a total value of $2,398,500.00. Following the completion of the sale, the senior vice president now directly owns 37,508 shares of the company’s stock, valued at $5,997,529.20. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Shares of EPAM Systems stock opened at $167.12 on Tuesday. EPAM Systems Inc has a 12 month low of $104.77 and a 12 month high of $173.71. The company has a market cap of $8.87 billion, a P/E ratio of 42.74, a PEG ratio of 2.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.56 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 14th. The information technology services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.24. The business had revenue of $504.90 million during the quarter, compared to analyst estimates of $501.43 million. EPAM Systems had a return on equity of 19.23% and a net margin of 13.04%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. Research analysts predict that EPAM Systems Inc will post 4.19 earnings per share for the current year.

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About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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