Two Sigma Advisers LP lifted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 22.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,080 shares of the information technology services provider's stock after purchasing an additional 21,000 shares during the quarter. Two Sigma Advisers LP owned about 0.20% of EPAM Systems worth $26,674,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of EPAM. Norges Bank purchased a new position in shares of EPAM Systems in the 4th quarter valued at approximately $173,053,000. William Blair Investment Management LLC acquired a new position in EPAM Systems in the 4th quarter worth approximately $166,906,000. Ameriprise Financial Inc. increased its holdings 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 worth $510,053,000 after buying an additional 620,551 shares during the period. Marshall Wace LLP increased its holdings 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 worth $179,944,000 after buying an additional 429,644 shares during the period. Finally, Capital World Investors increased its holdings 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 worth $538,778,000 after buying an additional 414,942 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.
EPAM Systems Price Performance
EPAM Systems stock traded down $4.74 during trading on Friday, reaching $175.89. The company had a trading volume of 1,057,164 shares, compared to its average volume of 684,610. The firm's 50-day simple moving average is $164.56 and its 200 day simple moving average is $210.42. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a market capitalization of $9.96 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Guggenheim increased their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus cut 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. Morgan Stanley cut their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Scotiabank dropped their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $231.50.
View Our Latest Stock Report on EPAM Systems
About EPAM Systems
(
Free Report)
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.
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