EPAM Systems, Inc. (NYSE:EPAM) Short Interest Up 29.9% in April

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,650,000 shares, an increase of 29.9% from the March 31st total of 1,270,000 shares. Approximately 3.0% of the company's shares are short sold. Based on an average daily trading volume, of 752,100 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of EPAM Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Ninety One UK Ltd bought a new stake in shares of EPAM Systems in the 1st quarter worth about $186,280,000. Norges Bank acquired a new stake in shares of EPAM Systems during the 4th quarter valued at approximately $173,053,000. William Blair Investment Management LLC bought a new position in EPAM Systems during the fourth quarter worth $166,906,000. Ameriprise Financial Inc. boosted its holdings in EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after purchasing an additional 620,551 shares during the period. Finally, Marshall Wace LLP increased its stake in EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock valued at $179,944,000 after purchasing an additional 429,644 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on EPAM. Susquehanna cut their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley lifted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Barclays lowered their target price on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group lowered their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.44.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $158.46 on Friday. The business has a 50-day moving average of $170.63 and a 200-day moving average of $212.31. EPAM Systems 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 $9.04 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS 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 during the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts anticipate that EPAM Systems will post 8.9 EPS 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.

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