EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Boosted by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 181.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,832 shares of the information technology services provider's stock after purchasing an additional 54,031 shares during the quarter. Bessemer Group Inc. owned approximately 0.15% of EPAM Systems worth $14,154,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in EPAM Systems in the fourth quarter worth about $218,000. Atria Wealth Solutions Inc. grew its position in shares of EPAM Systems by 38.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,889 shares of the information technology services provider's stock worth $442,000 after acquiring an additional 524 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of EPAM Systems by 12.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,983 shares of the information technology services provider's stock valued at $2,802,000 after acquiring an additional 1,300 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $1,178,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of EPAM Systems during the 4th quarter valued at approximately $3,772,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Piper Sandler lifted their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Morgan Stanley lowered their price objective 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. Barclays raised 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. Finally, Needham & Company LLC lifted their target price on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Stock Performance

EPAM traded up $2.35 during trading hours on Monday, hitting $177.28. The company's stock had a trading volume of 716,918 shares, compared to its average volume of 685,444. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.04 billion, a PE ratio of 24.79, a PEG ratio of 2.30 and a beta of 1.72. The company has a 50-day simple moving average of $171.71 and a 200 day simple moving average of $197.55.

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