Two Sigma Investments LP Has $22.96 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Two Sigma Investments LP lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,210 shares of the information technology services provider's stock after acquiring an additional 15,177 shares during the period. Two Sigma Investments LP owned approximately 0.17% of EPAM Systems worth $22,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in EPAM Systems in the 4th quarter valued at approximately $173,053,000. William Blair Investment Management LLC bought a new position in EPAM Systems in the 4th quarter valued at approximately $166,906,000. Ameriprise Financial Inc. lifted its stake in EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after purchasing an additional 620,551 shares during the last quarter. Marshall Wace LLP lifted its stake in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock valued at $179,944,000 after purchasing an additional 429,644 shares during the last quarter. Finally, Capital World Investors lifted its stake in EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after purchasing an additional 414,942 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 0.9%

Shares of EPAM traded up $1.65 during trading hours on Tuesday, hitting $177.60. 265,544 shares of the stock were exchanged, compared to its average volume of 681,460. 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 debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The business has a 50-day moving average of $164.46 and a 200-day moving average of $209.91. The firm has a market capitalization of $10.06 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.14. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company posted $2.46 earnings per share. EPAM Systems's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

EPAM has been the subject of several research reports. Scotiabank dropped their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Susquehanna dropped their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Needham & Company LLC raised their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Barclays raised their price target 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. Finally, Guggenheim raised their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $233.93.

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.