Alyeska Investment Group L.P. Has $7.02 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Alyeska Investment Group L.P. decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 94.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,000 shares of the information technology services provider's stock after selling 539,697 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.05% of EPAM Systems worth $7,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. Aurora Investment Counsel raised its position in EPAM Systems by 0.7% during the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after acquiring an additional 45 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock valued at $3,655,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC lifted its stake in 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 during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in EPAM Systems by 4.9% during 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 during the period. Finally, TD Private Client Wealth LLC increased its position in EPAM Systems by 88.5% during 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. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Down 0.5 %

Shares of EPAM stock opened at $159.49 on Tuesday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company's fifty day simple moving average is $168.55 and its two-hundred day simple moving average is $211.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EPAM shares. Scotiabank dropped their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, Piper Sandler downgraded EPAM Systems from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $251.00 to $170.00 in a research report on Wednesday, April 16th. Eight investment 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.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $232.88.

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.

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