NN Investment Partners Holdings N.V. Has $1.73 Million Position in EPAM Systems, Inc. (EPAM)

NN Investment Partners Holdings N.V. decreased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 35.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,600 shares of the information technology services provider’s stock after selling 11,300 shares during the period. NN Investment Partners Holdings N.V.’s holdings in EPAM Systems were worth $1,732,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its stake in EPAM Systems by 1.0% in the first quarter. GHP Investment Advisors Inc. now owns 36,317 shares of the information technology services provider’s stock valued at $2,743,000 after buying an additional 363 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of EPAM Systems by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,006 shares of the information technology services provider’s stock valued at $982,000 after buying an additional 541 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of EPAM Systems by 6.5% in the second quarter. Toth Financial Advisory Corp now owns 10,010 shares of the information technology services provider’s stock valued at $842,000 after buying an additional 610 shares in the last quarter. Legal & General Group Plc raised its stake in shares of EPAM Systems by 4.2% in the first quarter. Legal & General Group Plc now owns 17,070 shares of the information technology services provider’s stock valued at $1,288,000 after buying an additional 695 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of EPAM Systems by 0.9% in the first quarter. Swiss National Bank now owns 75,962 shares of the information technology services provider’s stock valued at $5,737,000 after buying an additional 700 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems, Inc. (NYSE EPAM) opened at 85.57 on Thursday. EPAM Systems, Inc. has a 1-year low of $54.53 and a 1-year high of $86.97. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 46.01 and a beta of 0.99. The firm’s 50-day moving average is $83.61 and its 200 day moving average is $75.80.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.50 by $0.22. The company had revenue of $324.65 million for the quarter, compared to analyst estimates of $316.64 million. EPAM Systems had a return on equity of 11.70% and a net margin of 8.11%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities analysts anticipate that EPAM Systems, Inc. will post $3.43 EPS for the current fiscal year.

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Several analysts have commented on the stock. Monness Crespi & Hardt lifted their price objective on shares of EPAM Systems from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Wedbush boosted their price target on shares of EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Barclays PLC boosted their price target on shares of EPAM Systems from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, May 15th. Zacks Investment Research lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $78.00 target price on shares of EPAM Systems in a report on Thursday, May 4th. Eight equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $86.25.

In other news, insider Elaina Shekhter sold 2,875 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $80.63, for a total value of $231,811.25. Following the completion of the sale, the insider now owns 12,219 shares of the company’s stock, valued at $985,217.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ginger Mosier sold 26,055 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $85.65, for a total value of $2,231,610.75. Following the completion of the sale, the senior vice president now directly owns 12,733 shares of the company’s stock, valued at approximately $1,090,581.45. The disclosure for this sale can be found here. In the last three months, insiders sold 83,164 shares of company stock worth $6,935,396. Corporate insiders own 6.17% of the company’s stock.

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.

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

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