Lazard Asset Management LLC grew its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,703 shares of the information technology services provider's stock after acquiring an additional 2,559 shares during the quarter. Lazard Asset Management LLC's holdings in EPAM Systems were worth $5,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of EPAM Systems during the 4th quarter valued at approximately $173,053,000. William Blair Investment Management LLC bought a new position in EPAM Systems in the 4th quarter valued at $166,906,000. Ameriprise Financial Inc. grew its position in EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after acquiring an additional 620,551 shares during the last quarter. Marshall Wace LLP grew its position in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock valued at $179,944,000 after acquiring an additional 429,644 shares during the last quarter. Finally, Capital World Investors grew its position in EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after acquiring an additional 414,942 shares during the last quarter. Institutional investors own 91.58% of the company's stock.
EPAM Systems Stock Up 0.4%
NYSE:EPAM traded up $0.75 during mid-day trading on Wednesday, hitting $186.64. 163,638 shares of the company's stock traded hands, compared to its average volume of 680,781. The company has a fifty day moving average of $164.78 and a 200 day moving average of $210.78. 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 $10.65 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.38 and a beta of 1.71. 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 (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $2.46 EPS. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have commented on EPAM. Piper Sandler upped their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Needham & Company LLC upped their price objective on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Scotiabank cut their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Guggenheim upped their target price on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley lowered their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $231.50.
Get Our Latest Stock Analysis on EPAM Systems
About EPAM Systems
(
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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