EPAM Systems Inc (EPAM) Shares Sold by Ramsey Quantitative Systems

Ramsey Quantitative Systems decreased its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 28.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,099 shares of the information technology services provider’s stock after selling 846 shares during the period. Ramsey Quantitative Systems’ holdings in EPAM Systems were worth $244,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EPAM. Paradigm Asset Management Co. LLC purchased a new position in shares of EPAM Systems in the third quarter worth about $76,000. SG Americas Securities LLC purchased a new position in shares of EPAM Systems in the fourth quarter worth about $123,000. Tower Research Capital LLC TRC increased its holdings in shares of EPAM Systems by 60.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,072 shares of the information technology services provider’s stock worth $148,000 after buying an additional 403 shares during the period. Point72 Hong Kong Ltd increased its holdings in shares of EPAM Systems by 721.1% in the third quarter. Point72 Hong Kong Ltd now owns 1,248 shares of the information technology services provider’s stock worth $172,000 after buying an additional 1,096 shares during the period. Finally, Cerebellum GP LLC purchased a new position in shares of EPAM Systems in the fourth quarter worth about $167,000. 92.86% of the stock is owned by institutional investors.

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Shares of NYSE:EPAM opened at $154.69 on Tuesday. EPAM Systems Inc has a 1 year low of $104.77 and a 1 year high of $158.79. The stock has a market cap of $8.35 billion, a P/E ratio of 54.28, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.02.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, February 14th. The information technology services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.24. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. The company had revenue of $504.90 million for the quarter, compared to the consensus estimate of $501.43 million. During the same quarter in the previous year, the business earned $1.01 EPS. EPAM Systems’s revenue was up 26.4% compared to the same quarter last year. On average, analysts expect that EPAM Systems Inc will post 3.42 earnings per share for the current fiscal year.

Several research firms have recently commented on EPAM. Wedbush lifted their price objective on EPAM Systems from $150.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Tuesday, November 13th. JPMorgan Chase & Co. boosted their price target on EPAM Systems to $167.00 and gave the company an “overweight” rating in a report on Friday. Finally, VTB Capital downgraded EPAM Systems from a “hold” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $150.69.

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About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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