11,555 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by Concentric Capital Strategies LP

Concentric Capital Strategies LP purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,555 shares of the information technology services provider's stock, valued at approximately $2,702,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of EPAM Systems by 2,500.0% in 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 purchasing an additional 125 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

EPAM has been the topic of several research reports. Morgan Stanley cut their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday. Barclays decreased their target price on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group reduced their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC lifted their target price on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday. Finally, StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $230.56.

EPAM Systems Stock Performance

Shares of EPAM stock traded down $2.84 during midday trading on Friday, hitting $176.87. 879,729 shares of the company were exchanged, compared to its average volume of 687,069. The firm's 50 day moving average price is $165.80 and its two-hundred day moving average price is $211.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The firm has a market capitalization of $10.09 billion, a P/E ratio of 22.56, a PEG ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 earnings per share. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current 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.