Montag & Caldwell LLC reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 59.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,923 shares of the information technology services provider’s stock after selling 7,195 shares during the period. Montag & Caldwell LLC’s holdings in EPAM Systems were worth $414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Creative Planning raised its position in EPAM Systems by 1,101.2% in the first quarter. Creative Planning now owns 2,018 shares of the information technology services provider’s stock worth $152,000 after buying an additional 1,850 shares during the period. US Bancorp DE raised its position in EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after buying an additional 1,974 shares during the period. Westpac Banking Corp purchased a new position in EPAM Systems during the first quarter worth $197,000. Candriam Luxembourg S.C.A. bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $204,000. Finally, Atria Investments LLC bought a new stake in shares of EPAM Systems during the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at 79.73 on Friday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 38.50 and a beta of 0.99. EPAM Systems, Inc. has a 12 month low of $54.53 and a 12 month high of $87.93. The firm’s 50 day moving average is $84.13 and its 200 day moving average is $77.83.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The company had revenue of $348.98 million during the quarter, compared to analysts’ expectations of $342 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities analysts predict that EPAM Systems, Inc. will post $3.32 earnings per share for the current fiscal year.

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Several equities research analysts have commented on EPAM shares. Cantor Fitzgerald restated a “buy” rating and set a $78.00 target price on shares of EPAM Systems in a research report on Thursday, May 4th. Wedbush boosted their target price on shares of EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Barclays PLC restated an “overweight” rating and set a $84.00 target price (up from $80.00) on shares of EPAM Systems in a research report on Friday, May 5th. BidaskClub lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price (up from $82.00) on shares of EPAM Systems in a research report on Friday, May 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $90.11.

In related news, SVP Ginger Mosier sold 26,055 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $85.65, for a total transaction of $2,231,610.75. Following the completion of the transaction, the senior vice president now owns 12,733 shares of the company’s stock, valued at $1,090,581.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Balazs Fejes sold 34,234 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $84.76, for a total value of $2,901,673.84. Following the transaction, the senior vice president now directly owns 48,467 shares of the company’s stock, valued at approximately $4,108,062.92. The disclosure for this sale can be found here. Corporate insiders own 6.17% of the company’s stock.

EPAM Systems Company Profile

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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