State of Tennessee Department of Treasury Increases Position in EPAM Systems, Inc. (NYSE:EPAM)

State of Tennessee Department of Treasury lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 32.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,079 shares of the information technology services provider's stock after purchasing an additional 5,352 shares during the quarter. State of Tennessee Department of Treasury's holdings in EPAM Systems were worth $5,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. Capital World Investors boosted its stake in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after purchasing an additional 414,942 shares in the last quarter. Geode Capital Management LLC lifted its stake in EPAM Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after purchasing an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in EPAM Systems by 96.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after buying an additional 401,355 shares in the last quarter. Marshall Wace LLP grew its stake in shares of EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after buying an additional 429,644 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of EPAM Systems during the fourth quarter worth $173,053,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.6 %

EPAM Systems stock traded up $0.95 during midday trading on Tuesday, reaching $159.84. The stock had a trading volume of 522,656 shares, compared to its average volume of 692,155. The company has a fifty day moving average price of $173.96 and a two-hundred day moving average price of $213.34. The company has a market capitalization of $9.12 billion, a P/E ratio of 20.39, a PEG ratio of 3.38 and a beta of 1.69. 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 12 month low of $138.15 and a 12 month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued 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). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EPAM. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Scotiabank reduced their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday. Guggenheim dropped their price objective on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a report on Friday. Morgan Stanley upped their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.44.

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.