D. E. Shaw & Co. Inc. Boosts Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

D. E. Shaw & Co. Inc. increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,598 shares of the information technology services provider's stock after purchasing an additional 98,166 shares during the period. D. E. Shaw & Co. Inc. owned 0.80% of EPAM Systems worth $105,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after purchasing an additional 5,435 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new position in shares of EPAM Systems during the fourth quarter worth $1,889,000. DnB Asset Management AS grew its stake in shares of EPAM Systems by 26.4% during the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock worth $2,629,000 after purchasing an additional 2,349 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of EPAM Systems during the fourth quarter worth $245,000. Finally, Pinebridge Investments L.P. grew its stake in shares of EPAM Systems by 66.6% during the fourth quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock worth $4,432,000 after purchasing an additional 7,576 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Scotiabank lowered their target price on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Piper Sandler upped their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday. Jefferies Financial Group decreased 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. Barclays upped their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Morgan Stanley decreased their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday. Seven equities research 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, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded up $1.21 on Tuesday, reaching $187.81. The company's stock had a trading volume of 800,755 shares, compared to its average volume of 687,615. The stock's 50-day moving average is $165.53 and its two-hundred day moving average is $211.15. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The stock has a market capitalization of $10.72 billion, a P/E ratio of 23.96, 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 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company earned $2.46 earnings per share. The business's revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast 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.