Dark Forest Capital Management LP decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 41.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,309 shares of the information technology services provider's stock after selling 1,606 shares during the period. Dark Forest Capital Management LP's holdings in EPAM Systems were worth $540,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 purchasing an additional 125 shares in the last quarter. TD Private Client Wealth LLC raised its position 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 worth $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 worth approximately $35,000. Finally, Manchester Capital Management LLC grew its stake in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 177 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.
EPAM Systems Stock Performance
EPAM traded up $2.61 on Thursday, reaching $159.52. The company had a trading volume of 243,520 shares, compared to its average volume of 693,607. 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 1 year low of $138.15 and a 1 year high of $269.00. The stock has a market capitalization of $9.10 billion, a PE ratio of 20.35, a P/E/G ratio of 3.38 and a beta of 1.69. The stock has a 50-day moving average price of $171.61 and a 200-day moving average price of $212.58.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
EPAM has been the topic of several research analyst reports. Guggenheim lowered their price objective on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Barclays reduced their target price on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Susquehanna decreased their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of "Moderate Buy" and an average price target of $232.44.
View Our Latest Report on EPAM Systems
EPAM Systems Company Profile
(
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.
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