Point72 Asia Singapore Pte. Ltd. boosted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 19,900.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the information technology services provider's stock after acquiring an additional 1,791 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in EPAM Systems were worth $421,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of EPAM Systems by 35.8% in the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock valued at $4,816,000 after purchasing an additional 5,435 shares during the period. Oliver Luxxe Assets LLC purchased a new position in EPAM Systems in the 4th quarter valued at $1,889,000. DnB Asset Management AS increased its stake in EPAM Systems by 26.4% in the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after buying an additional 2,349 shares during the period. Merit Financial Group LLC purchased a new position in EPAM Systems during the 4th quarter worth $245,000. Finally, Pinebridge Investments L.P. lifted its stake in shares of EPAM Systems by 66.6% in the 4th quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock worth $4,432,000 after acquiring an additional 7,576 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group cut their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Guggenheim raised their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Scotiabank reduced their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $231.50.
Check Out Our Latest Stock Analysis on EPAM Systems
EPAM Systems Stock Performance
NYSE:EPAM opened at $184.65 on Friday. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a market capitalization of $10.54 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $164.93 and a two-hundred day moving average price of $210.76.
EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping 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 last year, the company posted $2.46 EPS. The company's revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
EPAM Systems 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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