Numerai GP LLC Acquires Shares of 3,441 EPAM Systems, Inc. (NYSE:EPAM)

Numerai GP LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,441 shares of the information technology services provider's stock, valued at approximately $805,000.

Several other hedge funds have also bought and sold shares of the stock. Capital World Investors lifted its holdings in EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after buying an additional 414,942 shares during the period. Ameriprise Financial Inc. boosted its holdings in EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after purchasing an additional 620,551 shares during the last quarter. Geode Capital Management LLC lifted its holdings in EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after acquiring an additional 37,119 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of EPAM Systems by 96.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after purchasing an additional 401,355 shares during the period. Finally, Marshall Wace LLP boosted its position in EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after acquiring an additional 429,644 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of a number of recent research reports. Scotiabank cut their target price on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC lifted their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Piper Sandler increased their price target on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Susquehanna dropped their target price 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Price Performance

EPAM Systems stock traded down $0.84 during mid-day trading on Tuesday, reaching $182.91. 182,725 shares of the company's stock traded hands, compared to its average volume of 680,432. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.38 and a beta of 1.71. The stock has a 50 day moving average of $164.66 and a two-hundred day moving average of $210.95.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping 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% on a year-over-year basis. During the same period last year, the business earned $2.46 EPS. Equities analysts forecast 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.