ProVise Management Group LLC Has $465,000 Stake in EPAM Systems, Inc. (NYSE:EPAM)

ProVise Management Group LLC reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAMFree Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,565 shares of the information technology services provider’s stock after selling 123 shares during the quarter. ProVise Management Group LLC’s holdings in EPAM Systems were worth $465,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $25,000. VisionPoint Advisory Group LLC boosted its stake in EPAM Systems by 103.0% in the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Principal Securities Inc. bought a new position in EPAM Systems in the fourth quarter valued at approximately $43,000. NBC Securities Inc. bought a new position in EPAM Systems in the third quarter valued at approximately $46,000. Finally, Westpac Banking Corp boosted its stake in EPAM Systems by 151.4% in the fourth quarter. Westpac Banking Corp now owns 176 shares of the information technology services provider’s stock valued at $52,000 after acquiring an additional 106 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the completion of the transaction, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,820 shares of company stock worth $5,101,117. Insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EPAM shares. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of EPAM Systems in a research note on Wednesday, April 10th. Citigroup reduced 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. JPMorgan Chase & Co. reduced their price objective on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Guggenheim assumed coverage on shares of EPAM Systems in a report on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Wolfe Research lowered shares of EPAM Systems from an “outperform” rating to a “peer perform” rating in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $277.65.

View Our Latest Research Report on EPAM

EPAM Systems Stock Down 3.6 %

Shares of NYSE:EPAM traded down $6.79 during midday trading on Friday, reaching $180.11. 1,097,553 shares of the company were exchanged, compared to its average volume of 989,384. EPAM Systems, Inc. has a fifty-two week low of $179.44 and a fifty-two week high of $317.50. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $242.47 and a two-hundred day simple moving average of $270.68. The firm has a market cap of $10.44 billion, a PE ratio of 24.64, a P/E/G ratio of 4.13 and a beta of 1.46.

EPAM Systems (NYSE:EPAMGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 7.87 earnings per share for the current year.

EPAM Systems Company Profile

(Free Report)

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.

See Also

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

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