FORA Capital LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,456 shares of the information technology services provider's stock, valued at approximately $340,000.
A number of other large investors also recently made changes to their positions in EPAM. Aurora Investment Counsel boosted its stake in EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after purchasing an additional 45 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of EPAM Systems by 0.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after buying an additional 52 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of EPAM Systems by 4.9% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock worth $343,000 after purchasing an additional 69 shares in the last quarter. Finally, TD Private Client Wealth LLC grew 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 valued at $34,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.
Wall Street Analyst Weigh In
EPAM has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Barclays boosted their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday. Jefferies Financial Group dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Scotiabank reduced their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Finally, Needham & Company LLC upped their price objective on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.50.
Check Out Our Latest Stock Analysis on EPAM Systems
EPAM Systems Price Performance
Shares of NYSE:EPAM traded up $0.27 during midday trading on Thursday, hitting $184.65. The stock had a trading volume of 893,154 shares, compared to its average volume of 731,170. The company's 50-day moving average price is $165.05 and its 200-day moving average price is $210.80. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.54 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71.
EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.46 earnings per share. As a group, equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.
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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