Ameriprise Financial Inc. Grows Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Ameriprise Financial Inc. boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,181,143 shares of the information technology services provider's stock after buying an additional 620,551 shares during the quarter. Ameriprise Financial Inc. owned approximately 3.85% of EPAM Systems worth $510,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. Aurora Investment Counsel grew its stake in EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after acquiring an additional 45 shares during the period. UniSuper Management Pty Ltd grew its position in shares of EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock valued at $3,655,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of EPAM Systems by 90.0% during the fourth 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. Baker Tilly Wealth Management LLC raised its position in shares of EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock worth $343,000 after purchasing an additional 69 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in EPAM Systems by 88.5% in 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 buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research analyst reports. Piper Sandler increased their target price on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday. Scotiabank decreased their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus dropped their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group decreased their price target on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, Barclays dropped their price objective on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $228.94.

EPAM Systems Stock Down 1.6 %

Shares of NYSE EPAM traded down $2.84 during midday trading on Friday, hitting $176.87. The company's stock had a trading volume of 879,729 shares, compared to its average volume of 687,069. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year 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 business's fifty day simple moving average is $165.80 and its two-hundred day simple moving average is $211.04.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. EPAM Systems's revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $2.46 earnings per share. On average, equities analysts predict 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.