Boothbay Fund Management LLC Invests $1.57 Million in EPAM Systems, Inc. (NYSE:EPAM)

Boothbay Fund Management LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,722 shares of the information technology services provider's stock, valued at approximately $1,572,000.

Several other large investors also recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC increased its holdings in shares of 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 valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of 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 valued at $30,000 after buying an additional 125 shares in the last quarter. TD Private Client Wealth LLC grew its stake in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc purchased a new position in EPAM Systems during the fourth quarter valued at $35,000. Finally, Manchester Capital Management LLC grew its position in shares of EPAM Systems by 590.0% in the fourth 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 during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Up 1.2 %

Shares of NYSE EPAM traded up $1.90 during midday trading on Friday, hitting $160.36. The company's stock had a trading volume of 648,639 shares, compared to its average volume of 696,573. The business's fifty day simple moving average is $170.63 and its two-hundred day simple moving average is $212.31. 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 1 year low of $138.15 and a 1 year high of $269.00. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on EPAM. Guggenheim reduced their target price on EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays cut 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. Scotiabank lowered their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday. Piper Sandler cut EPAM Systems from an "overweight" rating to a "neutral" rating and cut their price target for the company from $251.00 to $170.00 in a report on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their target price on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus price target 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.