4 days Ago By ABMN Staff
Envestnet Asset Management Inc. trimmed its stake in EPAM Systems, Inc. ( NYSE:EPAM – Free Report ) by 49.
5% during the fourth quarter, Holdings Channel.com reports. The fund owned 71,320 shares of the information technology services provider’s stock after selling 69,993 shares during the period.
Envestnet Asset Management Inc.’s holdings in EPAM Systems were worth $16,676,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also modified their holdings of the company.
MML Investors Services LLC increased its position in shares of EPAM Systems by 19.1% in the 3rd quarter. MML Investors Services LLC now owns 6,522 shares of the information technology services provider’s stock valued at $1,298,000 after purchasing an additional 1,045 shares during the last quarter.
Barclays PLC grew its holdings in shares of EPAM Systems by 12.2% during the third quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock worth $25,602,000 after buying an additional 13,981 shares during the last quarter.
Virtu Financial LLC purchased a new stake in shares of EPAM Systems during the third quarter worth approximately $738,000. SkyView Investment Advisors LLC lifted its holdings in shares of EPAM Systems by 3.0% during the third quarter.
SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 60 shares during the period. Finally, Tidal Investments LLC grew its position in EPAM Systems by 6.1% in the 3rd quarter.
Tidal Investments LLC now owns 6,681 shares of the information technology services provider’s stock valued at $1,330,000 after buying an additional 384 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.
00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174.
This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Insiders own 4.30% of the company’s stock. EPAM Systems Trading Down 0.
3 % EPAM Systems ( NYSE:EPAM – Get Free Report ) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.
75 by ($0.52). EPAM Systems had a return on equity of 14.
60% and a net margin of 9.61%. The firm had revenue of $1.
25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities research analysts forecast that EPAM Systems, Inc.
will post 8.9 earnings per share for the current year. Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on the company.
Morgan Stanley lifted their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st.
StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays cut their price objective on EPAM Systems from $290.
00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Jefferies Financial Group decreased their target price on shares of EPAM Systems from $305.
00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Scotiabank cut their price target on shares of EPAM Systems from $275.
00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company.
Based on data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $251.80. Get Our Latest Analysis on EPAM EPAM Systems 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. Featured Stories Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems, Inc.
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