SG Americas Securities LLC Raises Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

SG Americas Securities LLC raised its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 518.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,950 shares of the information technology services provider's stock after buying an additional 5,827 shares during the period. SG Americas Securities LLC's holdings in EPAM Systems were worth $1,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EPAM. Capital World Investors raised its holdings in EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after purchasing an additional 414,942 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after buying an additional 620,551 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of EPAM Systems by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after buying an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock worth $191,471,000 after buying an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP grew 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 acquiring an additional 429,644 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EPAM shares. Stifel Nicolaus reduced their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Guggenheim upped 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. Needham & Company LLC raised their price target on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wall Street Zen downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Morgan Stanley decreased their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Trading Down 1.2%

Shares of NYSE EPAM traded down $1.99 on Friday, reaching $163.03. 596,531 shares of the company traded hands, compared to its average volume of 765,678. The stock has a market capitalization of $9.24 billion, a PE ratio of 22.80, a P/E/G ratio of 2.19 and a beta of 1.72. 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 company has a 50 day moving average of $168.40 and a 200 day moving average of $201.80.

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 EPS for the quarter, topping the consensus estimate of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business 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, equities research analysts forecast 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.