EPAM Systems, Inc. (NYSE:EPAM) Position Increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,298 shares of the information technology services provider's stock after acquiring an additional 30,352 shares during the period. Epoch Investment Partners Inc. owned 0.49% of EPAM Systems worth $65,539,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EPAM. EverSource Wealth Advisors LLC raised its holdings in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the period. TD Private Client Wealth LLC increased its position in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc purchased a new position in EPAM Systems in the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its position 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 valued at $48,000 after buying an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in EPAM Systems during the fourth quarter worth approximately $49,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPAM has been the topic of a number of research reports. Barclays cut their target price on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Susquehanna reduced their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average target price of $241.93.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Stock Up 3.7 %

Shares of EPAM Systems stock traded up $5.66 during trading on Thursday, reaching $158.26. The company had a trading volume of 413,285 shares, compared to its average volume of 708,875. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The firm's fifty day moving average is $180.12 and its 200-day moving average is $213.80. 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 (NYSE:EPAM - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.