EPAM Systems Inc (EPAM) Shares Sold by Flinton Capital Management LLC

Flinton Capital Management LLC reduced its stake in EPAM Systems Inc (NYSE:EPAM) by 8.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,192 shares of the information technology services provider’s stock after selling 2,800 shares during the quarter. Flinton Capital Management LLC owned approximately 0.06% of EPAM Systems worth $3,244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EPAM. Bank of Montreal Can grew its position in EPAM Systems by 113.9% in the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after acquiring an additional 944 shares during the period. Wesbanco Bank Inc. acquired a new position in EPAM Systems in the fourth quarter worth $204,000. Two Sigma Investments LP acquired a new position in EPAM Systems in the fourth quarter worth $215,000. Comerica Bank acquired a new position in EPAM Systems in the fourth quarter worth $225,000. Finally, OppenheimerFunds Inc. acquired a new position in EPAM Systems in the fourth quarter worth $232,000. 91.51% of the stock is currently owned by institutional investors.

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EPAM traded down $2.68 during midday trading on Friday, hitting $111.01. 166,796 shares of the company were exchanged, compared to its average volume of 338,708. The company has a market capitalization of $6,030.10, a PE ratio of 38.95, a PEG ratio of 1.76 and a beta of 0.92. EPAM Systems Inc has a 1-year low of $73.86 and a 1-year high of $125.88. The company has a current ratio of 5.31, a quick ratio of 5.31 and a debt-to-equity ratio of 0.03.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $399.30 million for the quarter, compared to the consensus estimate of $395.78 million. EPAM Systems had a return on equity of 16.52% and a net margin of 5.02%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. equities research analysts predict that EPAM Systems Inc will post 3.32 EPS for the current fiscal year.

EPAM has been the topic of several research reports. Zacks Investment Research lowered EPAM Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. KeyCorp reissued an “overweight” rating and issued a $132.00 target price (up previously from $123.00) on shares of EPAM Systems in a research note on Tuesday, February 20th. ValuEngine lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Credit Suisse Group downgraded EPAM Systems from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $113.85 to $130.00 in a report on Tuesday, February 20th. Finally, Needham & Company LLC increased their price objective on EPAM Systems to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $115.18.

In related news, Director Richard Michael Mayoras sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total value of $286,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.17% of the company’s stock.

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About EPAM Systems

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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