Xponance Inc. Trims Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Xponance Inc. cut its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 42.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,559 shares of the information technology services provider's stock after selling 7,910 shares during the period. Xponance Inc.'s holdings in EPAM Systems were worth $1,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in 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 purchasing an additional 125 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in EPAM Systems in the 1st quarter valued at about $33,000. TD Private Client Wealth LLC lifted its position 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 worth $34,000 after buying an additional 69 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of EPAM Systems in the 1st quarter worth approximately $42,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of research analyst reports. Wall Street Zen downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Needham & Company LLC raised their price objective 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. Barclays boosted their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Stifel Nicolaus decreased their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Piper Sandler upped their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Price Performance

NYSE:EPAM traded down $5.08 during trading hours on Tuesday, hitting $163.02. 433,458 shares of the company's stock traded hands, compared to its average volume of 686,429. The business's fifty day simple moving average is $175.80 and its two-hundred day simple moving average is $193.51. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The firm has a market cap of $9.24 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.27 and a beta of 1.70. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01.

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 for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $2.46 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts anticipate 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.