Geneva Capital Management LLC Sells 4,956 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Geneva Capital Management LLC lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,325 shares of the information technology services provider’s stock after selling 4,956 shares during the quarter. Geneva Capital Management LLC owned 0.12% of EPAM Systems worth $15,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centre Asset Management LLC bought a new stake in EPAM Systems in the 4th quarter valued at $8,757,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of EPAM Systems in the 3rd quarter valued at $8,195,000. Oliver Luxxe Assets LLC acquired a new stake in shares of EPAM Systems in the 4th quarter valued at $1,889,000. Victory Capital Management Inc. boosted its stake in shares of EPAM Systems by 247.6% in the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock valued at $14,419,000 after purchasing an additional 51,603 shares in the last quarter. Finally, MAI Capital Management boosted its stake in shares of EPAM Systems by 10.3% in the 3rd quarter. MAI Capital Management now owns 40,126 shares of the information technology services provider’s stock valued at $7,986,000 after purchasing an additional 3,750 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Activity

In related news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock valued at $2,129,924 in the last ninety days. 4.30% of the stock is owned by insiders.

EPAM Systems Stock Performance

EPAM Systems stock opened at $200.14 on Thursday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.35 billion, a PE ratio of 25.53, a PEG ratio of 3.38 and a beta of 1.51. The company’s 50-day moving average is $238.18 and its two-hundred day moving average is $222.94. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

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 company 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%. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have 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. Jefferies Financial Group reduced 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 note on Tuesday, January 21st. Piper Sandler boosted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $268.44.

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.