Gilder Gagnon Howe & Co. LLC Has $66.51 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Gilder Gagnon Howe & Co. LLC trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,462 shares of the information technology services provider's stock after selling 5,122 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.50% of EPAM Systems worth $66,513,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EPAM. American Century Companies Inc. raised its holdings in shares of EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after acquiring an additional 5,435 shares during the period. Centre Asset Management LLC acquired a new stake in shares of EPAM Systems in the 4th quarter valued at about $8,757,000. Oliver Luxxe Assets LLC bought a new stake in shares of EPAM Systems in the fourth quarter valued at about $1,889,000. DnB Asset Management AS boosted its position in shares of EPAM Systems by 26.4% during the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock worth $2,629,000 after buying an additional 2,349 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of EPAM Systems during the fourth quarter worth about $245,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Piper Sandler lowered shares of EPAM Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $251.00 to $170.00 in a research note on Wednesday, April 16th. Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Susquehanna lowered their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, Guggenheim dropped their target price on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $232.44.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $0.95 during trading hours on Tuesday, reaching $159.84. 522,656 shares of the stock were exchanged, compared to its average volume of 693,733. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 3.38 and a beta of 1.69. The stock's fifty day simple moving average is $172.65 and its 200 day simple moving average is $212.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.