Xponance Inc. Reduces Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Xponance Inc. reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,469 shares of the information technology services provider’s stock after selling 76 shares during the period. Xponance Inc.’s holdings in EPAM Systems were worth $4,318,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 54 shares during the last quarter. Versant Capital Management Inc purchased a new stake in EPAM Systems in the 4th quarter valued at $35,000. Manchester Capital Management LLC boosted its stake in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 177 shares during the period. Continuum Advisory LLC grew 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 purchasing an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in EPAM Systems by 21.3% in the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 57 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EPAM Systems

In related 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 value of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EPAM shares. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Jefferies Financial Group dropped their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Barclays dropped their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus price target of $262.47.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $172.26 on Friday. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. 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 business’s 50 day simple moving average is $227.19 and its 200-day simple moving average is $221.62. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $288.13.

EPAM Systems (NYSE:EPAM) last posted its 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). 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. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.