EPAM Systems, Inc. (NYSE:EPAM) Holdings Boosted by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 71.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,531 shares of the information technology services provider's stock after purchasing an additional 1,466 shares during the quarter. Achmea Investment Management B.V.'s holdings in EPAM Systems were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EPAM. American Century Companies Inc. boosted its holdings in shares of EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after purchasing an additional 5,435 shares during the period. SG Americas Securities LLC lifted its position in EPAM Systems by 518.9% in the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after buying an additional 5,827 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after buying an additional 91 shares during the period. DnB Asset Management AS grew its holdings in shares of EPAM Systems by 26.4% during the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after acquiring an additional 2,349 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of EPAM Systems in the first quarter worth $42,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM opened at $174.90 on Monday. The company has a market capitalization of $9.91 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.30 and a beta of 1.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company's fifty day moving average price is $171.08 and its 200 day moving average price is $198.02.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.14. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $2.46 earnings per share. The firm's revenue was up 11.7% compared to the same quarter last year. As a group, analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Piper Sandler boosted their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Scotiabank cut their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley decreased their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company 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.

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