Amundi Has $50.65 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Amundi boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 15.1% in the fourth quarter, HoldingsChannel reports. The fund owned 221,668 shares of the information technology services provider’s stock after buying an additional 29,142 shares during the quarter. Amundi’s holdings in EPAM Systems were worth $50,653,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after acquiring an additional 361,363 shares in the last quarter. Manning & Napier Advisors LLC grew its stake in EPAM Systems by 48.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock valued at $155,323,000 after purchasing an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after purchasing an additional 160,989 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EPAM Systems during the 4th quarter worth about $27,916,000. Finally, Citigroup Inc. lifted its holdings in shares of EPAM Systems by 199.5% during the 3rd quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock valued at $34,576,000 after buying an additional 115,720 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays dropped their price objective on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday. Scotiabank dropped their price target on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus price target of $267.33.

EPAM Systems Stock Down 1.1 %

Shares of EPAM stock opened at $189.32 on Thursday. The stock has a 50 day moving average of $233.93 and a 200-day moving average of $222.80. The firm has a market cap of $10.77 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $308.99.

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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems 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.