Charles Schwab Investment Management Inc. Boosts Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Charles Schwab Investment Management Inc. raised its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 543,423 shares of the information technology services provider's stock after purchasing an additional 21,279 shares during the period. Charles Schwab Investment Management Inc. owned about 0.95% of EPAM Systems worth $91,752,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new position in EPAM Systems during the 1st quarter worth $1,007,000. Fourth Sail Capital LP bought a new position in shares of EPAM Systems in the first quarter worth $8,949,000. iA Global Asset Management Inc. grew its stake in shares of EPAM Systems by 41.5% in the first quarter. iA Global Asset Management Inc. now owns 3,056 shares of the information technology services provider's stock worth $516,000 after purchasing an additional 897 shares in the last quarter. Maxi Investments CY Ltd lifted its holdings in shares of EPAM Systems by 5.5% in the first quarter. Maxi Investments CY Ltd now owns 14,765 shares of the information technology services provider's stock valued at $2,493,000 after buying an additional 765 shares during the period. Finally, Geneva Capital Management LLC lifted its holdings in shares of EPAM Systems by 33.6% during the first quarter. Geneva Capital Management LLC now owns 88,612 shares of the information technology services provider's stock valued at $14,961,000 after purchasing an additional 22,287 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Guggenheim upped their target price on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Morgan Stanley cut their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Barclays raised 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. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $231.73.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded down $1.38 during trading on Friday, hitting $157.92. 878,696 shares of the company's stock were exchanged, compared to its average volume of 798,608. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.35 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The business has a 50-day simple moving average of $168.12 and a 200-day simple moving average of $181.00. 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 posted its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $2.45 EPS. EPAM Systems's revenue was up 18.0% on a year-over-year basis. On average, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current 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.