EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 48.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,580 shares of the information technology services provider's stock after buying an additional 34,260 shares during the quarter. Envestnet Asset Management Inc. owned 0.19% of EPAM Systems worth $17,826,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd grew its position in EPAM Systems by 0.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 54 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 69 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of EPAM Systems by 6.1% in the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after purchasing an additional 91 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of EPAM Systems by 1.4% in the first quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock valued at $1,216,000 after purchasing an additional 97 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Down 1.6%

Shares of NYSE:EPAM opened at $164.21 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.06 and a current ratio of 3.06. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company's fifty day moving average is $175.90 and its two-hundred day moving average is $192.14. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.23 and a beta of 1.70.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company earned $2.46 EPS. The company's revenue for the quarter 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 year.

Analyst Ratings Changes

Several brokerages recently commented on EPAM. Piper Sandler raised their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research report on Thursday. They set a "hold" rating and a $171.00 target price for the company. Needham & Company LLC lifted their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Guggenheim boosted their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Scotiabank cut 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 report on Tuesday, April 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $231.73.

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.

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