CWM LLC trimmed its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 47.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,976 shares of the information technology services provider's stock after selling 2,726 shares during the quarter. CWM LLC's holdings in EPAM Systems were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 125 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in EPAM Systems in the 1st quarter worth $33,000. TD Private Client Wealth LLC grew its position in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 69 shares during the last quarter. CX Institutional acquired a new stake in EPAM Systems in the 1st quarter worth $42,000. Finally, Physician Wealth Advisors Inc. bought a new stake in EPAM Systems in the 4th quarter valued at $49,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have issued reports on EPAM. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target on the stock. Morgan Stanley lowered 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. Guggenheim boosted their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Susquehanna lowered their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $231.73.
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EPAM Systems Price Performance
NYSE EPAM traded down $1.24 on Monday, hitting $169.50. 357,045 shares of the company were exchanged, compared to its average volume of 536,388. The firm has a 50 day moving average of $173.74 and a two-hundred day moving average of $188.60. The company has a market cap of $9.60 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.41 and a beta of 1.70. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. On average, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.
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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