EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 11,600 shares of the information technology services provider’s stock after selling 1,430 shares during the period. EPAM Systems comprises about 1.3% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 26th largest holding. Taylor Frigon Capital Management LLC’s holdings in EPAM Systems were worth $2,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its position in EPAM Systems by 9.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 36,566 shares of the information technology services provider’s stock valued at $8,550,000 after acquiring an additional 3,184 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of EPAM Systems in the fourth quarter valued at approximately $1,178,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of EPAM Systems by 12.2% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,983 shares of the information technology services provider’s stock valued at $2,802,000 after purchasing an additional 1,300 shares in the last quarter. Leeward Investments LLC MA purchased a new stake in EPAM Systems during the 4th quarter worth approximately $8,852,000. Finally, Van Berkom & Associates Inc. purchased a new stake in EPAM Systems during the 4th quarter worth approximately $1,510,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $213.10 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a market cap of $12.09 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. The business has a fifty day moving average of $241.57 and a two-hundred day moving average of $222.60.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EPAM shares. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Susquehanna boosted their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Finally, Scotiabank cut their target price 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. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $268.44.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.

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.