Kentucky Retirement Systems Trims Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Kentucky Retirement Systems decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,913 shares of the information technology services provider’s stock after selling 53 shares during the period. Kentucky Retirement Systems’ holdings in EPAM Systems were worth $915,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in EPAM Systems during the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC grew its stake in EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in EPAM Systems during the third quarter valued at approximately $44,000. Manchester Capital Management LLC grew its stake in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in EPAM Systems during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares of the company’s stock, valued at $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock valued at $2,129,924 in the last quarter. Company insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 0.7 %

Shares of EPAM stock opened at $207.37 on Tuesday. The business has a 50-day moving average of $242.83 and a 200 day moving average of $222.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The stock has a market capitalization of $11.76 billion, a PE ratio of 26.45, a P/E/G ratio of 3.38 and a beta of 1.51.

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

Analyst Ratings Changes

Several brokerages recently commented on EPAM. Scotiabank reduced their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday. Citigroup lifted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $268.44.

EPAM Systems 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.