Cim LLC decreased its stake in EPAM Systems Inc (NASDAQ:EPAM) by 10.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,435 shares of the company’s stock after selling 405 shares during the period. Cim LLC’s holdings in EPAM Systems were worth $270,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. Commonwealth Equity Services purchased a new position in EPAM Systems during the fourth quarter valued at $379,000. Stanley Laman Group Ltd. purchased a new position in EPAM Systems during the fourth quarter valued at $751,000. Shaker Investments LLC OH raised its position in EPAM Systems by 284.2% in the fourth quarter. Shaker Investments LLC OH now owns 22,440 shares of the company’s stock valued at $1,764,000 after buying an additional 16,600 shares in the last quarter. Finally, Rathbone Brothers purchased a new position in EPAM Systems during the fourth quarter valued at $12,154,000.

Shares of EPAM Systems Inc (NASDAQ:EPAM) traded down 0.12% during mid-day trading on Tuesday, hitting $75.77. 34,434 shares of the stock were exchanged. The stock’s 50-day moving average is $75.00 and its 200-day moving average is $74.68. EPAM Systems Inc has a 52 week low of $46.80 and a 52 week high of $84.41. The stock has a market capitalization of $3.79 billion and a price-to-earnings ratio of 51.54.

EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Wednesday, November 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company had revenue of $236 million for the quarter, compared to the consensus estimate of $240.53 million. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. Analysts forecast that EPAM Systems Inc will post $2.69 earnings per share for the current fiscal year.

Several research firms have recently weighed in on EPAM. Zacks Investment Research lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, January 20th. Sterne Agee CRT assumed coverage on shares of EPAM Systems in a research note on Thursday, December 17th. They issued a “buy” rating and a $100.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of EPAM Systems in a research note on Thursday, November 19th. Needham & Company LLC upped their price target on shares of EPAM Systems from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, November 19th. Finally, Renaissance Capital upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $86.80 to $90.00 in a research note on Thursday, November 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. EPAM Systems has a consensus rating of “Buy” and a consensus price target of $83.50.

In other EPAM Systems news, SVP Balazs Fejes sold 119,669 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $75.00, for a total transaction of $8,975,175.00. Following the completion of the sale, the senior vice president now directly owns 8,000 shares in the company, valued at $600,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

EPAM Systems, Inc. (NASDAQ:EPAM) is a provider of software engineering solutions and information technology (IT) services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Company’s Enterprise Application Platforms develops technology and business application platforms, and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Company’s Infrastructure Management Services covers the lifecycle of infrastructure management.

12 Month Chart for NASDAQ:EPAM

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