Quarry LP Boosts Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Quarry LP grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 643.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,507 shares of the information technology services provider's stock after buying an additional 2,170 shares during the quarter. Quarry LP's holdings in EPAM Systems were worth $586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted 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 valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after buying an additional 125 shares during the last quarter. TD Private Client Wealth LLC grew its position 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 valued at $34,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of EPAM Systems during the 4th quarter valued at about $35,000. Finally, Manchester Capital Management LLC boosted its position 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 purchasing an additional 177 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price target 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. Barclays cut their price target on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Susquehanna decreased 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, April 23rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.44.

EPAM Systems Stock Performance

NYSE EPAM traded up $0.95 during trading hours on Tuesday, reaching $159.84. The stock had a trading volume of 522,656 shares, compared to its average volume of 693,733. 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. The stock has a fifty day moving average of $172.65 and a 200 day moving average of $212.97. The stock has a market cap of $9.12 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

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 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. Sell-side analysts predict 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.