Fairtree Asset Management Pty Ltd Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

Fairtree Asset Management Pty Ltd acquired a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,771 shares of the information technology services provider's stock, valued at approximately $414,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in 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 worth $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position 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. TD Private Client Wealth LLC boosted its position 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. Manchester Capital Management LLC boosted its position in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in EPAM Systems during the 4th quarter valued at $49,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

EPAM stock traded up $0.45 during midday trading on Friday, reaching $174.23. The stock had a trading volume of 4,238,713 shares, compared to its average volume of 698,476. The stock has a market cap of $9.87 billion, a PE ratio of 22.22, a P/E/G 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. The firm has a fifty day simple moving average of $164.33 and a two-hundred day simple moving average of $208.47. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

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, beating analysts' consensus estimates 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 return on equity of 14.60% and a net margin of 9.61%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on EPAM. Scotiabank dropped their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Barclays increased their price objective on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Susquehanna decreased their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

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.