BNP Paribas Financial Markets Increases Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

BNP Paribas Financial Markets boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 63.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,187 shares of the information technology services provider's stock after acquiring an additional 55,618 shares during the quarter. BNP Paribas Financial Markets owned about 0.25% of EPAM Systems worth $33,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC lifted its position in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 125 shares during the period. TD Private Client Wealth LLC lifted its position in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 69 shares during the period. Manchester Capital Management LLC lifted its position 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 worth $48,000 after acquiring an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in EPAM Systems during the 4th quarter worth approximately $49,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent research reports. Scotiabank decreased their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Piper Sandler raised their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Barclays raised their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday. Finally, Morgan Stanley reduced their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Price Performance

EPAM Systems stock traded up $9.51 during mid-day trading on Monday, hitting $186.61. 710,446 shares of the company were exchanged, compared to its average volume of 687,163. 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 12-month low of $138.15 and a 12-month high of $269.00. The business's 50 day simple moving average is $165.80 and its two-hundred day simple moving average is $211.18. The company has a market capitalization of $10.65 billion, a P/E ratio of 23.80, a PEG ratio of 3.38 and a beta of 1.71.

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

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.