EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in EPAM Systems, Inc. (NYSE:EPAM) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,968 shares of the information technology services provider’s stock after selling 201 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in EPAM Systems were worth $1,478,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in EPAM Systems in the 4th quarter valued at $25,000. VisionPoint Advisory Group LLC increased its holdings in EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Principal Securities Inc. purchased a new position in EPAM Systems in the 4th quarter valued at about $43,000. Westpac Banking Corp boosted its position in EPAM Systems by 151.4% in the 4th quarter. Westpac Banking Corp now owns 176 shares of the information technology services provider’s stock valued at $52,000 after buying an additional 106 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in EPAM Systems by 64.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 326 shares of the information technology services provider’s stock valued at $97,000 after buying an additional 128 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of analyst reports. HSBC decreased their price objective on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price objective on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC decreased their price objective on shares of EPAM Systems from $350.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Mizuho decreased their price objective on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Finally, TD Cowen reduced their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $276.35.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $184.78 on Friday. 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 firm’s 50-day moving average price is $203.74 and its two-hundred day moving average price is $260.04. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The stock has a market capitalization of $10.71 billion, a P/E ratio of 25.28, a P/E/G ratio of 4.20 and a beta of 1.42.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 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 company 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 7.81 earnings per share 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.