Ethic Inc. cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 54.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,860 shares of the information technology services provider's stock after selling 2,253 shares during the quarter. Ethic Inc.'s holdings in EPAM Systems were worth $435,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of EPAM Systems by 2,500.0% during the fourth 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 in the last quarter. TD Private Client Wealth LLC lifted its holdings in EPAM Systems by 88.5% in the fourth 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 period. Manchester Capital Management LLC grew its position in EPAM Systems by 590.0% in the 4th 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 in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in EPAM Systems during the 4th quarter valued at about $49,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Stifel Nicolaus cut their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Jefferies Financial Group dropped their price target on 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, Susquehanna decreased their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Six 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, the stock has an average rating of "Moderate Buy" and an average target price of $231.50.
Check Out Our Latest Research Report on EPAM
EPAM Systems Price Performance
Shares of NYSE:EPAM traded up $0.89 during midday trading on Wednesday, reaching $186.78. 141,329 shares of the company's stock were exchanged, compared to its average volume of 680,672. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The firm has a market capitalization of $10.66 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The company's 50 day simple moving average is $164.78 and its two-hundred day simple moving average is $210.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the business posted $2.46 earnings per share. The business's revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
About EPAM Systems
(
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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