Nebula Research & Development LLC Sells 9,768 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Nebula Research & Development LLC lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 53.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,671 shares of the information technology services provider’s stock after selling 9,768 shares during the quarter. Nebula Research & Development LLC’s holdings in EPAM Systems were worth $2,027,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EPAM. Barclays PLC grew its holdings in EPAM Systems by 12.2% during the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock worth $25,602,000 after acquiring an additional 13,981 shares during the period. Virtu Financial LLC acquired a new stake in shares of EPAM Systems during the third quarter worth $738,000. SkyView Investment Advisors LLC grew its stake in shares of EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 60 shares during the period. Tidal Investments LLC increased its holdings in EPAM Systems by 6.1% in the third quarter. Tidal Investments LLC now owns 6,681 shares of the information technology services provider’s stock valued at $1,330,000 after purchasing an additional 384 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in EPAM Systems by 1.2% in the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider’s stock valued at $14,066,000 after buying an additional 848 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EPAM. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Scotiabank lowered their target price on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. Susquehanna reduced their price target on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday. Barclays decreased their price target on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Piper Sandler lowered EPAM Systems from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $251.00 to $170.00 in a report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $241.93.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 3.7 %

NYSE EPAM opened at $158.26 on Friday. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock’s 50 day moving average price is $177.96 and its two-hundred day moving average price is $213.56. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.38 and a beta of 1.69.

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 analysts’ consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.