We Are One Seven LLC Decreases Holdings in EPAM Systems Inc (NYSE:EPAM)

We Are One Seven LLC decreased its position in shares of EPAM Systems Inc (NYSE:EPAM) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,408 shares of the information technology services provider’s stock after selling 281 shares during the quarter. We Are One Seven LLC’s holdings in EPAM Systems were worth $589,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EPAM. Norges Bank purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $60,882,000. OppenheimerFunds Inc. lifted its stake in EPAM Systems by 11.7% in the 1st quarter. OppenheimerFunds Inc. now owns 1,581,263 shares of the information technology services provider’s stock valued at $267,438,000 after buying an additional 165,855 shares in the last quarter. Janus Henderson Group PLC lifted its stake in EPAM Systems by 146.3% in the 1st quarter. Janus Henderson Group PLC now owns 128,320 shares of the information technology services provider’s stock valued at $21,703,000 after buying an additional 76,231 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in EPAM Systems by 89.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 109,068 shares of the information technology services provider’s stock valued at $18,447,000 after buying an additional 51,568 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in EPAM Systems by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 505,525 shares of the information technology services provider’s stock valued at $58,645,000 after buying an additional 34,566 shares in the last quarter. 91.21% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on EPAM shares. Wedbush reaffirmed an “outperform” rating on shares of Purple Innovation in a research note on Wednesday, May 8th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, Cowen upped their target price on EPAM Systems from $180.00 to $210.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $166.40.

Shares of EPAM Systems stock traded down $1.00 during trading hours on Wednesday, reaching $196.48. 9,854 shares of the company’s stock were exchanged, compared to its average volume of 397,166. EPAM Systems Inc has a 52-week low of $104.77 and a 52-week high of $201.00. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 50.25, a price-to-earnings-growth ratio of 2.42 and a beta of 1.42. The company’s fifty day moving average is $183.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.41 and a quick ratio of 4.41.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.33. EPAM Systems had a return on equity of 19.56% and a net margin of 12.19%. The company had revenue of $521.30 million for the quarter, compared to analyst estimates of $519.11 million. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities analysts forecast that EPAM Systems Inc will post 4.24 EPS for the current year.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 25,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $168.71, for a total transaction of $4,217,750.00. Following the transaction, the chief executive officer now owns 1,738,490 shares of the company’s stock, valued at approximately $293,300,647.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jason Harman sold 13,578 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $173.00, for a total value of $2,348,994.00. Following the transaction, the senior vice president now directly owns 12,425 shares in the company, valued at approximately $2,149,525. The disclosure for this sale can be found here. In the last three months, insiders have sold 362,189 shares of company stock worth $63,001,372. Corporate insiders own 5.40% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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 mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

Featured Article: How does a margin account work?

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

Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter.