Voya Investment Management LLC Purchases 119,255 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Voya Investment Management LLC raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 520,017 shares of the information technology services provider's stock after buying an additional 119,255 shares during the period. Voya Investment Management LLC owned about 0.92% of EPAM Systems worth $121,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake 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 worth $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% during 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 purchasing an additional 125 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of EPAM Systems in the fourth quarter worth approximately $35,000. Finally, Manchester Capital Management LLC raised its holdings in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Price Performance

Shares of NYSE EPAM traded down $0.03 during mid-day trading on Monday, reaching $159.09. The company's stock had a trading volume of 468,839 shares, compared to its average volume of 692,833. 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 stock has a fifty day moving average of $175.93 and a two-hundred day moving average of $213.59. The firm has a market capitalization of $9.08 billion, a PE ratio of 20.29, a P/E/G ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly 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). The business had revenue of $1.25 billion during 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%. As a group, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Piper Sandler cut EPAM Systems from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $251.00 to $170.00 in a research note on Wednesday, April 16th. Susquehanna decreased their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Barclays decreased their price objective on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a report on Friday. Finally, Scotiabank lowered their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, February 24th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $235.56.

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.