California State Teachers Retirement System Sells 7,921 Shares of EPAM Systems, Inc. (NYSE:EPAM)

California State Teachers Retirement System trimmed its position in EPAM Systems, Inc. (NYSE:EPAM) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,103 shares of the information technology services provider’s stock after selling 7,921 shares during the period. California State Teachers Retirement System owned 0.17% of EPAM Systems worth $7,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Alps Advisors Inc. boosted its stake in shares of EPAM Systems by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock worth $549,000 after acquiring an additional 17 shares in the last quarter. Renaissance Group LLC boosted its stake in shares of EPAM Systems by 0.6% during the 2nd quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock worth $321,000 after acquiring an additional 21 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of EPAM Systems by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock worth $366,000 after acquiring an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of EPAM Systems by 1.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock worth $557,000 after acquiring an additional 70 shares in the last quarter. Finally, CS Mckee LP boosted its stake in shares of EPAM Systems by 0.6% during the 2nd quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock worth $1,501,000 after acquiring an additional 100 shares in the last quarter. 88.60% of the stock is currently owned by institutional investors.

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EPAM has been the subject of several research analyst reports. BidaskClub downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG upped their price target on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays PLC reduced their price target on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Berenberg Bank set a $95.00 price objective on shares of EPAM Systems and gave the company a “buy” rating in a report on Sunday, August 6th. Finally, Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Fifteen research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $98.29.

Shares of EPAM Systems, Inc. (EPAM) traded up $0.46 during mid-day trading on Friday, reaching $102.80. 163,600 shares of the company’s stock traded hands, compared to its average volume of 338,334. The stock has a market cap of $5,404.84, a PE ratio of 40.45, a PEG ratio of 1.97 and a beta of 0.95. EPAM Systems, Inc. has a 52 week low of $60.64 and a 52 week high of $103.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 6.05.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The business had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. sell-side analysts predict that EPAM Systems, Inc. will post 2.69 earnings per share for the current fiscal year.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.14, for a total value of $2,404,200.00. Following the transaction, the chief executive officer now directly owns 2,110,851 shares in the company, valued at $169,163,599.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 373,554 shares of company stock worth $32,791,034 over the last quarter. 6.17% of the stock is owned by company insiders.

EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

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

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