California State Teachers Retirement System Has $21.08 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

California State Teachers Retirement System lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,173 shares of the information technology services provider's stock after selling 3,918 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of EPAM Systems worth $21,084,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. 111 Capital acquired a new position in shares of EPAM Systems in the fourth quarter worth $696,000. Wealth Enhancement Advisory Services LLC grew its stake in EPAM Systems by 42.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,118 shares of the information technology services provider's stock worth $1,431,000 after acquiring an additional 1,812 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new stake in EPAM Systems in the 4th quarter valued at about $4,265,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in EPAM Systems in the fourth quarter valued at approximately $4,581,000. Finally, Challenger Wealth Management purchased a new stake in EPAM Systems during the fourth quarter worth approximately $351,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Up 1.8%

EPAM Systems stock traded up $3.05 during midday trading on Tuesday, reaching $173.63. The stock had a trading volume of 220,838 shares, compared to its average volume of 696,810. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The firm's fifty day simple moving average is $164.20 and its two-hundred day simple moving average is $207.48.

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 return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. The firm's revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EPAM shares. 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. Scotiabank reduced their target price 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. Guggenheim boosted their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, Barclays lifted their price objective on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, EPAM Systems presently 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.