Asset Management One Co. Ltd. Grows Position in EPAM Systems, Inc. (NYSE:EPAM)

Asset Management One Co. Ltd. increased its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,019 shares of the information technology services provider's stock after acquiring an additional 1,637 shares during the period. Asset Management One Co. Ltd.'s holdings in EPAM Systems were worth $3,887,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EPAM. EverSource Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 during the period. Sentry Investment Management LLC purchased a new stake in EPAM Systems in the first quarter worth about $33,000. TD Private Client Wealth LLC increased its position 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 buying an additional 69 shares in the last quarter. Finally, CX Institutional bought a new position in shares of EPAM Systems in the first quarter worth about $42,000. Institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EPAM. Barclays increased their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Stifel Nicolaus decreased their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Susquehanna dropped their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Scotiabank dropped their price objective on 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. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $233.93.

EPAM Systems Price Performance

Shares of EPAM stock traded up $3.16 on Thursday, reaching $182.71. The company's stock had a trading volume of 273,809 shares, compared to its average volume of 684,491. The stock's fifty day simple moving average is $172.87 and its 200-day simple moving average is $197.30. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.39 and a beta of 1.70. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01.

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, topping analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $2.46 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. Analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

About EPAM Systems

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.