ExodusPoint Capital Management LP Has $1.11 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

ExodusPoint Capital Management LP raised its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 62.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,740 shares of the information technology services provider's stock after purchasing an additional 1,829 shares during the period. ExodusPoint Capital Management LP's holdings in EPAM Systems were worth $1,108,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of EPAM Systems by 35.8% in the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock valued at $4,816,000 after acquiring an additional 5,435 shares in the last quarter. Centre Asset Management LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth approximately $8,757,000. Oliver Luxxe Assets LLC bought a new position in shares of EPAM Systems during the fourth quarter worth approximately $1,889,000. DnB Asset Management AS raised its position in shares of EPAM Systems by 26.4% in the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after buying an additional 2,349 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $245,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EPAM. Morgan Stanley upped 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. Needham & Company LLC restated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Jefferies Financial Group reduced their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Scotiabank decreased their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average target price of $251.80.

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EPAM Systems Trading Down 0.3 %

EPAM traded down $0.38 during trading on Tuesday, reaching $151.59. 320,058 shares of the company's stock were exchanged, compared to its average volume of 693,442. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The firm has a fifty day moving average price of $196.30 and a two-hundred day moving average price of $216.42. The stock has a market capitalization of $8.65 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.30% of the company's stock.

About EPAM Systems

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.