Dimensional Fund Advisors LP Acquires 2,932 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Dimensional Fund Advisors LP grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,739 shares of the information technology services provider's stock after buying an additional 2,932 shares during the quarter. Dimensional Fund Advisors LP owned 0.62% of EPAM Systems worth $81,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 54 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of 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 valued at $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its holdings in shares of 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 worth $48,000 after purchasing an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in EPAM Systems in the fourth quarter valued at approximately $49,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Price Performance

EPAM traded up $2.42 on Monday, reaching $162.78. The company had a trading volume of 122,547 shares, compared to its average volume of 696,969. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 3.38 and a beta of 1.71. The business has a 50 day simple moving average of $169.62 and a 200 day simple moving average of $212.23.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. As a group, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

EPAM has been the subject of a number of recent research reports. Susquehanna decreased their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Morgan Stanley increased their target price 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. Piper Sandler lowered shares of EPAM Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $251.00 to $170.00 in a research report on Wednesday, April 16th. Finally, Scotiabank cut their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $232.88.

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.