EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Sara Bay Financial

Sara Bay Financial lessened its stake in EPAM Systems, Inc. (NYSE:EPAM – Get Rating) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,393 shares of the information technology services provider’s stock after selling 464 shares during the quarter. EPAM Systems accounts for about 5.1% of Sara Bay Financial’s portfolio, making the stock its 3rd largest holding. Sara Bay Financial’s holdings in EPAM Systems were worth $8,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EPAM. CI Investments Inc. raised its holdings in EPAM Systems by 900.0% in the 3rd quarter. CI Investments Inc. now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 63 shares during the period. Semmax Financial Advisors Inc. raised its holdings in EPAM Systems by 84.3% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 94 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 43 shares during the period. Parkside Financial Bank & Trust raised its holdings in EPAM Systems by 78.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 98 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 43 shares during the period. Covestor Ltd raised its holdings in EPAM Systems by 134.4% in the 1st quarter. Covestor Ltd now owns 150 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 86 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in EPAM Systems in the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EPAM. Susquehanna reduced their target price on EPAM Systems from $462.00 to $410.00 and set a “positive” rating for the company in a report on Friday, February 17th. Morgan Stanley reduced their target price on EPAM Systems from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Friday, February 17th. Wolfe Research cut EPAM Systems from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 5th. JPMorgan Chase & Co. increased their target price on EPAM Systems from $365.00 to $405.00 in a report on Thursday, December 15th. Finally, Barclays reduced their target price on EPAM Systems from $400.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, February 21st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $402.14.

EPAM Systems Trading Down 0.1 %

Shares of EPAM Systems stock opened at $279.79 on Friday. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.87 and a beta of 1.57. EPAM Systems, Inc. has a fifty-two week low of $260.11 and a fifty-two week high of $462.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a 50 day moving average of $330.44 and a 200 day moving average of $345.49.

About EPAM Systems

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EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.