EPAM Systems Inc (EPAM) Shares Sold by HighPoint Advisor Group LLC

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HighPoint Advisor Group LLC lowered its stake in shares of EPAM Systems Inc (NYSE:EPAM) by 30.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,919 shares of the information technology services provider’s stock after selling 2,134 shares during the period. HighPoint Advisor Group LLC’s holdings in EPAM Systems were worth $837,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in shares of EPAM Systems by 1.0% in the 1st quarter. New York State Common Retirement Fund now owns 102,484 shares of the information technology services provider’s stock valued at $17,333,000 after purchasing an additional 1,000 shares in the last quarter. Sawgrass Asset Management LLC raised its holdings in shares of EPAM Systems by 24.8% in the 1st quarter. Sawgrass Asset Management LLC now owns 5,955 shares of the information technology services provider’s stock valued at $1,007,000 after purchasing an additional 1,185 shares in the last quarter. Measured Wealth Private Client Group LLC raised its holdings in shares of EPAM Systems by 226.9% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 6,375 shares of the information technology services provider’s stock valued at $1,078,000 after purchasing an additional 4,425 shares in the last quarter. Raymond James & Associates raised its holdings in shares of EPAM Systems by 190.8% in the 1st quarter. Raymond James & Associates now owns 37,477 shares of the information technology services provider’s stock valued at $6,338,000 after purchasing an additional 24,588 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of EPAM Systems by 0.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,178 shares of the information technology services provider’s stock valued at $5,442,000 after purchasing an additional 111 shares in the last quarter. 93.04% of the stock is owned by hedge funds and other institutional investors.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were 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 directly owns 1,738,490 shares of the company’s stock, valued at approximately $293,300,647.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald P. Vargo sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $159.64, for a total transaction of $319,280.00. Following the transaction, the director now directly owns 10,276 shares in the company, valued at $1,640,460.64. The disclosure for this sale can be found here. Insiders have sold a total of 42,000 shares of company stock worth $6,935,530 over the last quarter. 5.30% of the stock is owned by company insiders.

Shares of NYSE:EPAM opened at $166.49 on Tuesday. EPAM Systems Inc has a 12 month low of $104.77 and a 12 month high of $180.55. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.11. The firm has a market cap of $9.26 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.04 and a beta of 1.63.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.33. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The firm had revenue of $521.30 million for the quarter, compared to analyst estimates of $519.11 million. During the same period last year, the business earned $0.93 EPS. EPAM Systems’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities analysts expect that EPAM Systems Inc will post 4.24 EPS for the current fiscal year.

EPAM has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $180.00 price target (up from $158.00) on shares of EPAM Systems in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of EPAM Systems to $167.00 and gave the stock an “overweight” rating in a research note on Friday, February 15th. VTB Capital lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Finally, KeyCorp lifted their price target on shares of EPAM Systems from $144.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, February 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $160.00.

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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.

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

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