Challenger Wealth Management Buys New Stake in EPAM Systems, Inc. (NYSE:EPAM)

Challenger Wealth Management bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,500 shares of the information technology services provider's stock, valued at approximately $351,000.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of EPAM Systems by 90.0% in the fourth 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 position in shares of EPAM Systems by 2,500.0% in 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 buying an additional 125 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 69 shares during the last quarter. Manchester Capital Management LLC boosted its stake 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 worth $48,000 after purchasing an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $49,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EPAM shares. Needham & Company LLC increased their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Guggenheim raised their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Susquehanna lowered their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $233.93.

EPAM Systems Price Performance

EPAM stock traded down $0.76 during trading on Friday, reaching $173.02. 335,073 shares of the company were exchanged, compared to its average volume of 742,920. The company has a market cap of $9.80 billion, a P/E ratio of 22.07, a PEG ratio of 3.38 and a beta of 1.71. 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 stock's 50 day moving average price is $164.42 and its 200 day moving average price is $208.96. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. EPAM Systems's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 earnings per share. As a group, 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.