Securian Asset Management Inc. Sells 100 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Securian Asset Management Inc. lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,962 shares of the information technology services provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in EPAM Systems were worth $693,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 54 shares during the last quarter. AGF Management Ltd. bought a new position in EPAM Systems in the fourth quarter valued at about $2,378,000. Inspire Advisors LLC grew its position in EPAM Systems by 4.3% in the fourth quarter. Inspire Advisors LLC now owns 2,877 shares of the information technology services provider’s stock valued at $673,000 after acquiring an additional 118 shares during the last quarter. Daiwa Securities Group Inc. grew its position in EPAM Systems by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,510 shares of the information technology services provider’s stock valued at $1,756,000 after acquiring an additional 421 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in EPAM Systems by 5.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,621 shares of the information technology services provider’s stock valued at $2,717,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM opened at $182.28 on Monday. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $301.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The business’s 50 day moving average price is $231.08 and its two-hundred day moving average price is $222.49. The firm has a market cap of $10.37 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

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

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Barclays reduced their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $267.33.

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.