Channing Capital Management LLC Has $7.07 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Channing Capital Management LLC lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 16.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,235 shares of the information technology services provider’s stock after selling 5,806 shares during the period. Channing Capital Management LLC owned approximately 0.05% of EPAM Systems worth $7,070,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of EPAM Systems in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its stake in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP bought a new stake in EPAM Systems in the 3rd quarter valued at $44,000. Manchester Capital Management LLC grew its holdings in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 177 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in EPAM Systems by 5,240.0% during the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after buying an additional 262 shares during the period. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Morgan Stanley increased their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Scotiabank lowered their target price on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Barclays lowered their price objective on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.33.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason D. Peterson sold 464 shares of the firm’s 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 transaction, 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. Over the last three months, insiders have sold 8,300 shares of company stock worth $2,129,924. Insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $190.50 on Tuesday. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $309.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.38 and a beta of 1.61. The firm has a 50 day simple moving average of $235.66 and a 200 day simple moving average of $222.89.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

About EPAM Systems

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.