Sentry Investment Management LLC Decreases Stake in EPAM Systems, Inc. (NYSE:EPAM)

Sentry Investment Management LLC cut its stake in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332 shares of the information technology services provider’s stock after selling 45 shares during the quarter. Sentry Investment Management LLC’s holdings in EPAM Systems were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EPAM. Cetera Advisor Networks LLC lifted its stake in EPAM Systems by 36.0% during the first quarter. Cetera Advisor Networks LLC now owns 842 shares of the information technology services provider’s stock worth $250,000 after purchasing an additional 223 shares during the last quarter. Private Advisor Group LLC boosted its stake in EPAM Systems by 14.4% in the first quarter. Private Advisor Group LLC now owns 1,034 shares of the information technology services provider’s stock valued at $307,000 after acquiring an additional 130 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of EPAM Systems by 100.7% during the first quarter. Panagora Asset Management Inc. now owns 2,413 shares of the information technology services provider’s stock valued at $716,000 after purchasing an additional 1,211 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of EPAM Systems by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,589 shares of the information technology services provider’s stock worth $2,251,000 after purchasing an additional 470 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in EPAM Systems by 0.4% during the 1st quarter. Blair William & Co. IL now owns 17,528 shares of the information technology services provider’s stock valued at $5,199,000 after purchasing an additional 68 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of analyst reports. Wolfe Research upgraded EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price target for the company in a research report on Thursday, January 4th. Morgan Stanley lowered EPAM Systems from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $235.00 to $250.00 in a report on Wednesday. HSBC upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, January 8th. StockNews.com assumed coverage on EPAM Systems in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Citigroup lifted their price target on EPAM Systems from $250.00 to $312.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $302.14.

Read Our Latest Research Report on EPAM Systems

EPAM Systems Trading Up 0.2 %

NYSE:EPAM traded up $0.71 on Friday, hitting $285.84. 143,986 shares of the stock were exchanged, compared to its average volume of 464,012. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.77. EPAM Systems, Inc. has a 52 week low of $197.99 and a 52 week high of $385.96. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 6.94 and a beta of 1.50. The company’s 50-day moving average price is $283.14 and its 200 day moving average price is $257.48.

EPAM Systems (NYSE:EPAMGet Free Report) last issued its earnings results on Thursday, November 2nd. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. EPAM Systems had a return on equity of 16.98% and a net margin of 9.96%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business earned $2.65 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.44 earnings per share for the current year.

Insider Activity

In related news, CMO Elaina Shekhter sold 8,176 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $257.67, for a total value of $2,106,709.92. Following the completion of the sale, the chief marketing officer now directly owns 6,799 shares in the company, valued at approximately $1,751,898.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Jason D. Peterson sold 600 shares of EPAM Systems stock in a transaction on Monday, December 11th. The stock was sold at an average price of $270.00, for a total transaction of $162,000.00. Following the completion of the sale, the chief financial officer now owns 25,228 shares of the company’s stock, valued at $6,811,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Elaina Shekhter sold 8,176 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $257.67, for a total transaction of $2,106,709.92. Following the transaction, the chief marketing officer now directly owns 6,799 shares in the company, valued at $1,751,898.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,676 shares of company stock valued at $2,538,710. 3.20% of the stock is owned by insiders.

EPAM Systems Profile

(Free Report)

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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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