First Horizon Advisors Inc. Sells 57 Shares of EPAM Systems, Inc. (NYSE:EPAM)

First Horizon Advisors Inc. trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268 shares of the information technology services provider’s stock after selling 57 shares during the period. First Horizon Advisors Inc.’s holdings in EPAM Systems were worth $63,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geneva Capital Management LLC raised its stake in shares of EPAM Systems by 6.0% during the 3rd quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock worth $14,187,000 after purchasing an additional 4,027 shares during the period. Centre Asset Management LLC bought a new stake in shares of EPAM Systems during the 4th quarter worth $8,757,000. Oppenheimer Asset Management Inc. bought a new stake in shares of EPAM Systems during the 3rd quarter worth $8,195,000. Oliver Luxxe Assets LLC bought a new stake in shares of EPAM Systems during the 4th quarter worth $1,889,000. Finally, Victory Capital Management Inc. raised its stake in shares of EPAM Systems by 247.6% during the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after purchasing an additional 51,603 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EPAM has been the topic of a number of recent analyst reports. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Mizuho boosted their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research note on Friday, November 8th. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Finally, Piper Sandler boosted their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $268.44.

Insider Transactions at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the business’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Stock Down 2.0 %

EPAM stock opened at $208.87 on Friday. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $11.85 billion, a PE ratio of 26.64, a PEG ratio of 3.38 and a beta of 1.51. The stock has a 50-day simple moving average of $240.81 and a two-hundred day simple moving average of $222.51.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems Company 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.