Trexquant Investment LP Has $20.92 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Trexquant Investment LP raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,450 shares of the information technology services provider's stock after acquiring an additional 7,867 shares during the period. Trexquant Investment LP owned approximately 0.16% of EPAM Systems worth $20,915,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Aurora Investment Counsel boosted its holdings in shares of EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after acquiring an additional 45 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after buying an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares during the period. SkyView Investment Advisors LLC boosted its stake in EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock valued at $409,000 after buying an additional 60 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its holdings in EPAM Systems by 4.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock worth $343,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of analysts recently commented on EPAM shares. Morgan Stanley boosted their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Jefferies Financial Group decreased their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Barclays reduced their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $262.47.

EPAM Systems Stock Down 7.9 %

EPAM stock traded down $13.27 during mid-day trading on Thursday, hitting $155.79. The stock had a trading volume of 963,008 shares, compared to its average volume of 673,491. EPAM Systems, Inc. has a 1-year low of $152.82 and a 1-year high of $275.49. The company has a fifty day moving average of $217.03 and a 200 day moving average of $219.91. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.30% of the company's stock.

EPAM Systems Company 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.