EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 66.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,953 shares of the information technology services provider's stock after purchasing an additional 7,576 shares during the quarter. Pinebridge Investments L.P.'s holdings in EPAM Systems were worth $4,432,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Quantessence Capital LLC acquired a new position in EPAM Systems in the 4th quarter worth about $739,000. Arvin Capital Management LP increased its position in shares of EPAM Systems by 22.0% in the fourth quarter. Arvin Capital Management LP now owns 62,145 shares of the information technology services provider's stock valued at $14,531,000 after buying an additional 11,187 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of EPAM Systems by 2.1% during the 4th quarter. Hsbc Holdings PLC now owns 240,194 shares of the information technology services provider's stock worth $56,158,000 after buying an additional 4,848 shares during the period. SIH Partners LLLP acquired a new position in shares of EPAM Systems during the 4th quarter worth approximately $439,000. Finally, State of Tennessee Department of Treasury lifted its position in shares of EPAM Systems by 32.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 22,079 shares of the information technology services provider's stock valued at $5,163,000 after buying an additional 5,352 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Scotiabank reduced their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday. Guggenheim cut their target price on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Morgan Stanley boosted their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Susquehanna reduced their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Eight investment 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 an average target price of $232.44.

EPAM Systems Trading Up 0.6 %

Shares of NYSE EPAM traded up $0.95 during midday trading on Tuesday, reaching $159.84. 522,656 shares of the stock were exchanged, compared to its average volume of 692,155. The stock 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 debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company has a 50 day simple moving average of $173.96 and a 200 day simple moving average of $213.34. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business 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 earnings per share 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.