J. Safra Sarasin Holding AG Sells 2,432 Shares of EPAM Systems, Inc. (NYSE:EPAM)

J. Safra Sarasin Holding AG cut its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 30.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,661 shares of the information technology services provider’s stock after selling 2,432 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in EPAM Systems were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 125 shares in the last quarter. Sentry Investment Management LLC purchased a new position in EPAM Systems during the first quarter valued at $33,000. CX Institutional purchased a new position in EPAM Systems during the first quarter valued at $42,000. First Horizon Advisors Inc. raised its stake in EPAM Systems by 79.5% during the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock valued at $81,000 after buying an additional 213 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in EPAM Systems by 149.2% during the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider’s stock valued at $133,000 after buying an additional 470 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EPAM shares. Scotiabank lowered their price objective on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Barclays lifted their price objective on EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Wall Street Zen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC lifted their price objective on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Susquehanna decreased their price target on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $231.73.

EPAM Systems Stock Performance

NYSE:EPAM opened at $153.20 on Tuesday. The stock has a 50-day simple moving average of $171.59 and a two-hundred day simple moving average of $186.18. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.06 and a current ratio of 3.06. The firm has a market capitalization of $8.68 billion, a PE ratio of 21.43, a P/E/G ratio of 2.25 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current 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.