111 Capital Buys New Stake in EPAM Systems, Inc. (NYSE:EPAM)

111 Capital acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,978 shares of the information technology services provider's stock, valued at approximately $696,000.

Several other hedge funds have also recently added to or reduced their stakes in EPAM. Barclays PLC grew its position in EPAM Systems by 12.2% in the third quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after buying an additional 13,981 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in EPAM Systems by 170.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,718 shares of the information technology services provider's stock valued at $1,805,000 after buying an additional 4,862 shares in the last quarter. Brighton Jones LLC purchased a new stake in EPAM Systems during the fourth quarter valued at about $218,000. Blue Trust Inc. lifted its stake in EPAM Systems by 46.5% during the fourth quarter. Blue Trust Inc. now owns 488 shares of the information technology services provider's stock valued at $114,000 after buying an additional 155 shares in the last quarter. Finally, KBC Group NV lifted its stake in EPAM Systems by 399.1% during the fourth quarter. KBC Group NV now owns 116,350 shares of the information technology services provider's stock valued at $27,205,000 after buying an additional 93,039 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Stock Up 0.3%

Shares of NYSE EPAM traded up $0.45 during trading hours on Friday, hitting $174.23. The stock had a trading volume of 4,238,713 shares, compared to its average volume of 697,790. The company has a market capitalization of $9.87 billion, a P/E ratio of 22.22, a P/E/G ratio of 3.38 and a beta of 1.71. The firm's 50-day moving average price is $164.33 and its two-hundred day moving average price is $208.19. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week 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.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results 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. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $2.46 earnings per share. The business's revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank reduced their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Guggenheim lifted their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Wall Street Zen downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Barclays lifted their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, 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. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $233.93.

EPAM Systems 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.