Mn Services Vermogensbeheer B.V. reduced its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,100 shares of the information technology services provider's stock after selling 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in EPAM Systems were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC increased its holdings in EPAM Systems by 90.0% during the 4th 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. Kayne Anderson Rudnick Investment Management LLC increased its holdings in EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. Sentry Investment Management LLC purchased a new position in EPAM Systems during the 1st quarter valued at about $33,000. TD Private Client Wealth LLC increased its holdings in EPAM Systems by 88.5% during the 4th 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. Finally, CX Institutional purchased a new position in EPAM Systems during the 1st quarter valued at about $42,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
EPAM Systems Stock Performance
Shares of EPAM Systems stock traded down $3.71 during trading on Thursday, hitting $164.87. 584,196 shares of the stock were exchanged, compared to its average volume of 700,562. The stock's fifty day moving average is $168.40 and its 200 day moving average is $201.80. The stock has a market cap of $9.34 billion, a PE ratio of 23.06, a P/E/G ratio of 2.19 and a beta of 1.72. 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 12 month low of $138.15 and a 12 month high of $269.00.
EPAM Systems (NYSE:EPAM - Get Free Report) last released 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. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.46 earnings per share. As a group, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on EPAM. Piper Sandler lifted their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Susquehanna decreased their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Guggenheim lifted their price target 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. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Needham & Company LLC lifted their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $233.93.
Check Out Our Latest Stock Report on EPAM
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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