Axa S.A. acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,059 shares of the information technology services provider's stock, valued at approximately $4,456,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of EPAM Systems in the fourth quarter worth $173,053,000. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems during the fourth quarter valued at about $166,906,000. Marshall Wace LLP lifted its stake in shares of EPAM Systems by 126.4% in the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock valued at $179,944,000 after buying an additional 429,644 shares during the period. Capital World Investors grew its position 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in EPAM Systems by 96.1% during 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 acquiring an additional 401,355 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EPAM has been the topic of several recent research reports. Morgan Stanley lifted their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Barclays reduced their price objective on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Guggenheim lowered 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. Piper Sandler cut shares of EPAM Systems from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $251.00 to $170.00 in a research note on Wednesday, April 16th. Finally, Scotiabank dropped their target price 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. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $232.88.
Read Our Latest Research Report on EPAM Systems
EPAM Systems Price Performance
Shares of EPAM stock opened at $159.32 on Thursday. 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 firm has a market cap of $9.09 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 3.38 and a beta of 1.71. The stock has a 50-day moving average price of $166.60 and a 200 day moving average price of $211.20.
EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.
EPAM Systems Company Profile
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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.
See Also
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