Numerai GP LLC Purchases New Position in EPAM Systems, Inc. (NYSE:EPAM)

Numerai GP LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,441 shares of the information technology services provider's stock, valued at approximately $805,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of EPAM Systems by 12.2% during the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after acquiring an additional 13,981 shares in the last quarter. Principal Financial Group Inc. increased its position in EPAM Systems by 1.2% in the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock worth $14,066,000 after purchasing an additional 848 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in EPAM Systems by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the information technology services provider's stock valued at $1,024,000 after purchasing an additional 74 shares in the last quarter. Czech National Bank lifted its position in EPAM Systems by 6.0% during the fourth quarter. Czech National Bank now owns 12,299 shares of the information technology services provider's stock valued at $2,876,000 after purchasing an additional 701 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in EPAM Systems during the fourth quarter valued at $5,058,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Down 0.6%

Shares of EPAM stock traded down $1.15 during mid-day trading on Friday, hitting $183.54. 1,089,533 shares of the stock traded hands, compared to its average volume of 682,046. The stock's fifty day moving average is $164.77 and its two-hundred day moving average is $210.84. 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 market cap of $10.47 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. EPAM Systems's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. Equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several recent research reports. Susquehanna decreased their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Jefferies Financial Group lowered 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. Scotiabank cut their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Barclays raised their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Company Profile

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.