Wealth Enhancement Advisory Services LLC Cuts Position in EPAM Systems, Inc. (NYSE:EPAM)

Wealth Enhancement Advisory Services LLC lowered its position in EPAM Systems, Inc. (NYSE:EPAM) by 37.4% during the first quarter, HoldingsChannel.com reports. The fund owned 3,832 shares of the information technology services provider’s stock after selling 2,286 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EPAM Systems were worth $647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Aurora Investment Counsel grew its holdings in EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock valued at $1,427,000 after purchasing an additional 45 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock valued at $3,655,000 after acquiring an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of EPAM Systems by 6.1% in the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider’s stock valued at $265,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.8%

EPAM stock opened at $182.71 on Friday. The firm has a fifty day moving average price of $173.35 and a two-hundred day moving average price of $196.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.39 and a beta of 1.70.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. EPAM Systems’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $2.46 earnings per share. Research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EPAM shares. Needham & Company LLC lifted their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Stifel Nicolaus decreased their target price on shares of EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley reduced their price target on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, May 9th. Barclays lifted their price objective on EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Finally, Scotiabank cut their price target on shares of EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.93.

About EPAM Systems

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.