Aspex Management HK Ltd Invests $30.61 Million in EPAM Systems, Inc. (NYSE:EPAM)

Aspex Management HK Ltd purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 130,904 shares of the information technology services provider's stock, valued at approximately $30,608,000. EPAM Systems makes up approximately 0.8% of Aspex Management HK Ltd's holdings, making the stock its 21st largest holding. Aspex Management HK Ltd owned about 0.23% of EPAM Systems at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of 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 purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of EPAM Systems in the fourth quarter valued at $35,000. Finally, Manchester Capital Management LLC grew its holdings in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 177 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Guggenheim cut their target price on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus reduced their target price on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Barclays reduced their price objective on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and an average target price of $232.88.

EPAM Systems Stock Down 0.6 %

Shares of NYSE EPAM traded down $0.89 during mid-day trading on Tuesday, hitting $158.23. The company had a trading volume of 585,992 shares, compared to its average volume of 699,691. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $168.55 and a two-hundred day simple moving average of $211.94. The company has a market capitalization of $9.03 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) 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 net margin of 9.61% and a return on equity of 14.60%. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems 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.