Meiji Yasuda Asset Management Co Ltd. Lowers Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Meiji Yasuda Asset Management Co Ltd. cut its position in EPAM Systems, Inc. (NYSE:EPAM) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 856 shares of the information technology services provider’s stock after selling 152 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in EPAM Systems were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aurora Investment Counsel grew its position in EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock valued at $1,427,000 after acquiring an additional 45 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after buying an additional 60 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock worth $343,000 after buying an additional 69 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EPAM shares. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Barclays reduced their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Jefferies Financial Group lowered their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.47.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $168.72 on Friday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.60 billion, a P/E ratio of 21.52, a P/E/G ratio of 3.38 and a beta of 1.61. The stock has a 50 day moving average of $220.95 and a two-hundred day moving average of $220.52. EPAM Systems, Inc. has a twelve month low of $167.00 and a twelve month high of $277.04.

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