Janus Henderson Group PLC lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 586.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,094 shares of the information technology services provider's stock after buying an additional 39,383 shares during the quarter. Janus Henderson Group PLC owned approximately 0.08% of EPAM Systems worth $10,777,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 125 shares during the period. TD Private Client Wealth LLC grew its stake in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares during the last quarter. Manchester Capital Management LLC grew its stake in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in EPAM Systems during the fourth quarter worth approximately $49,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EPAM. Susquehanna lowered their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Guggenheim raised their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Piper Sandler upped their target price 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. Stifel Nicolaus lowered their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, 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 note on Friday, May 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.50.
Get Our Latest Stock Analysis on EPAM Systems
EPAM Systems Price Performance
EPAM Systems stock traded down $2.38 during mid-day trading on Thursday, reaching $181.22. The company had a trading volume of 224,643 shares, compared to its average volume of 681,762. The stock's 50-day simple moving average is $164.81 and its 200-day simple moving average is $210.59. 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 company has a market capitalization of $10.27 billion, a P/E ratio of 23.11, a P/E/G ratio of 3.38 and a beta of 1.71.
EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current 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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