Janus Henderson Group PLC Has $10.78 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Janus Henderson Group PLC grew its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 586.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,094 shares of the information technology services provider's stock after purchasing an additional 39,383 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of EPAM Systems worth $10,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EPAM. Barclays PLC increased its stake in shares of 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 last quarter. Principal Financial Group Inc. raised its holdings in EPAM Systems by 1.2% in the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock worth $14,066,000 after purchasing an additional 848 shares during the period. Czech National Bank boosted its position in shares of EPAM Systems by 6.0% during the fourth 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 in the last quarter. Merit Financial Group LLC acquired a new position in shares of EPAM Systems in the 4th quarter valued at $245,000. Finally, Oak Ridge Investments LLC increased its position in shares of EPAM Systems by 4.6% in the 4th quarter. Oak Ridge Investments LLC now owns 14,113 shares of the information technology services provider's stock valued at $3,300,000 after buying an additional 621 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EPAM shares. Stifel Nicolaus lowered their price target on 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 dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Piper Sandler upped their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Morgan Stanley dropped their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Finally, Needham & Company LLC upped their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded up $2.12 on Tuesday, hitting $185.87. The company had a trading volume of 740,878 shares, compared to its average volume of 682,607. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 23.71, a P/E/G 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. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The stock has a 50 day moving average price of $164.66 and a 200 day moving average price of $210.95.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results 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. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.46 earnings per share. Analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.