Lazard Asset Management LLC Grows Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Lazard Asset Management LLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,703 shares of the information technology services provider's stock after purchasing 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 SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock valued at $25,602,000 after acquiring an additional 13,981 shares during the period. Principal Financial Group Inc. increased its position in EPAM Systems by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock valued at $14,066,000 after purchasing an additional 848 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in EPAM Systems by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the information technology services provider's stock worth $1,024,000 after purchasing an additional 74 shares during the last quarter. Czech National Bank lifted its position in shares of EPAM Systems by 6.0% in the 4th quarter. Czech National Bank now owns 12,299 shares of the information technology services provider's stock worth $2,876,000 after purchasing an additional 701 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider's stock valued at $80,949,000 after purchasing an additional 33,715 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Up 0.0%

Shares of EPAM traded up $0.06 on Monday, reaching $183.66. The company's stock had a trading volume of 763,843 shares, compared to its average volume of 682,374. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock has a market capitalization of $10.48 billion, a PE ratio of 23.43, a PEG 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 fifty day moving average of $164.77 and a 200-day moving average of $210.99.

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 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $2.46 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EPAM shares. Barclays boosted their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Piper Sandler upped their target price 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 raised their target price on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Jefferies Financial Group dropped their price target on 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, Susquehanna lowered their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.50.

About EPAM Systems

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.