Amalgamated Bank Sells 266 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Amalgamated Bank lowered its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,904 shares of the information technology services provider’s stock after selling 266 shares during the period. Amalgamated Bank’s holdings in EPAM Systems were worth $2,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 643.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after purchasing an additional 361,363 shares during the last quarter. Manning & Napier Advisors LLC increased its position in EPAM Systems by 48.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock valued at $155,323,000 after buying an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after buying an additional 160,989 shares during the last quarter. Citigroup Inc. boosted its holdings in EPAM Systems by 199.5% in the third quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after acquiring an additional 115,720 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of EPAM Systems by 399.1% in the fourth quarter. KBC Group NV now owns 116,350 shares of the information technology services provider’s stock worth $27,205,000 after acquiring an additional 93,039 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 1.1 %

EPAM opened at $206.02 on Friday. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The firm’s 50 day simple moving average is $239.96 and its two-hundred day simple moving average is $222.81. 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 capitalization of $11.69 billion, a PE ratio of 26.28, a PEG ratio of 3.38 and a beta of 1.51.

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

Analysts Set New Price Targets

EPAM has been the subject of several recent analyst reports. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Mizuho lifted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Jefferies Financial Group cut their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Scotiabank lowered their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.44.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction that occurred 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 owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction 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 trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by company insiders.

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.