Quantessence Capital LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,160 shares of the information technology services provider's stock, valued at approximately $739,000.
Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 125 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of EPAM Systems by 88.5% in 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 bought a new position in shares of EPAM Systems during the 4th quarter valued at about $35,000. Finally, Manchester Capital Management LLC raised its holdings in shares of EPAM Systems by 590.0% during the 4th 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. Hedge funds and other institutional investors own 91.58% of the company's stock.
EPAM Systems Stock Down 0.3 %
NYSE EPAM traded down $0.46 during trading hours on Friday, reaching $157.57. 18,625 shares of the company's stock traded hands, compared to its average volume of 694,744. The firm has a market cap of $8.99 billion, a PE ratio of 20.10, a PEG ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The firm has a 50-day simple moving average of $177.96 and a 200 day simple moving average of $213.56.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have commented on EPAM shares. Morgan Stanley lifted their price target 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. Scotiabank decreased their target price on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th. Barclays reduced their price objective on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday. Susquehanna reduced their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group dropped their price objective 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. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $237.27.
Get Our Latest Analysis on EPAM Systems
Insider Activity
In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The stock was 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 in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company's stock.
About EPAM Systems
(
Free Report)
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.
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