AlphaQuest LLC Purchases 1,365 Shares of EPAM Systems, Inc. (NYSE:EPAM)

AlphaQuest LLC lifted its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 211.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,010 shares of the information technology services provider's stock after purchasing an additional 1,365 shares during the quarter. AlphaQuest LLC's holdings in EPAM Systems were worth $470,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in EPAM Systems during the fourth quarter worth approximately $35,000. Manchester Capital Management LLC increased its stake in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares during the last quarter. Farther Finance Advisors LLC increased its stake in EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 106 shares during the last quarter. Continuum Advisory LLC increased its stake in EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock worth $65,000 after acquiring an additional 57 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EPAM. Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley boosted their target price on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Scotiabank dropped their target price on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, February 24th. Finally, The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and boosted their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.33.

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EPAM Systems Stock Down 1.1 %

EPAM Systems stock opened at $189.32 on Thursday. The business has a fifty day moving average of $233.93 and a two-hundred day moving average of $222.80. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.77 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $308.99.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted 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 company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

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.

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