Gilder Gagnon Howe & Co. LLC Has $66.51 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Gilder Gagnon Howe & Co. LLC cut its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 284,462 shares of the information technology services provider's stock after selling 5,122 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.50% of EPAM Systems worth $66,513,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 125 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of 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 purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $35,000. Finally, Manchester Capital Management LLC lifted its stake in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EPAM shares. Barclays reduced their price target on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Guggenheim decreased their price target on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley upped their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, 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 report on Tuesday. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus price target of $232.44.

EPAM Systems Trading Up 1.9 %

EPAM stock traded up $3.01 during midday trading on Thursday, hitting $159.92. 282,248 shares of the company's stock were exchanged, compared to its average volume of 693,833. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company has a market cap of $9.13 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. The stock's fifty day moving average price is $171.61 and its 200-day moving average price is $212.58.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.