Centiva Capital LP Has $1.79 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Centiva Capital LP lowered its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 28.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,658 shares of the information technology services provider's stock after selling 3,042 shares during the quarter. Centiva Capital LP's holdings in EPAM Systems were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EPAM. American Century Companies Inc. increased its stake in shares of EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock valued at $4,816,000 after acquiring an additional 5,435 shares during the period. Oliver Luxxe Assets LLC bought a new position in EPAM Systems during the 4th quarter valued at $1,889,000. DnB Asset Management AS increased its position in shares of EPAM Systems by 26.4% during the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after purchasing an additional 2,349 shares during the period. Merit Financial Group LLC bought a new stake in shares of EPAM Systems in the 4th quarter worth $245,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of EPAM Systems by 66.6% in the fourth quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock valued at $4,432,000 after buying an additional 7,576 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $2.53 during trading hours on Tuesday, hitting $189.13. 277,356 shares of the company's stock were exchanged, compared to its average volume of 685,627. The company's 50-day moving average price is $165.53 and its 200-day moving average price is $211.15. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.14. The company had revenue of $1.30 billion during 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%. EPAM Systems's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 earnings per share. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Guggenheim boosted their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday. Piper Sandler raised their target price on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday. Susquehanna decreased their price target 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. Finally, Morgan Stanley cut their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average target price of $231.50.

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.