OneDigital Investment Advisors LLC Sells 549 Shares of EPAM Systems, Inc. (NYSE:EPAM)

OneDigital Investment Advisors LLC decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 28.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,382 shares of the information technology services provider’s stock after selling 549 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in EPAM Systems were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aurora Investment Counsel boosted its holdings in shares of EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after buying an additional 45 shares during the period. UniSuper Management Pty Ltd grew its position in shares of EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock valued at $3,655,000 after purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 54 shares during the period. SkyView Investment Advisors LLC lifted its holdings in EPAM Systems by 3.0% during the 3rd 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 last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in EPAM Systems by 4.9% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 69 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna dropped their target price on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Piper Sandler downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $251.00 to $170.00 in a report on Wednesday, April 16th. Needham & Company LLC restated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. Morgan Stanley increased their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Barclays dropped their target price on shares of EPAM Systems from $270.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $235.56.

EPAM Systems Stock Performance

EPAM Systems stock opened at $159.20 on Monday. The company has a market capitalization of $9.09 billion, a P/E ratio of 20.31, a P/E/G ratio of 3.38 and a beta of 1.69. The business has a 50 day moving average of $175.93 and a 200-day moving average of $213.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM) last released its 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 firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.