Fourth Sail Capital LP Buys New Stake in EPAM Systems, Inc. (NYSE:EPAM)

Key Points

• Fourth Sail Capital LP has acquired a new stake in EPAM Systems worth approximately $8.95 million, consisting of 53,000 shares, making it the fund's 20th largest holding.
• EPAM Systems reported earnings of $2.41 per share for the latest quarter, surpassing analysts' expectations of $2.27, with a revenue of $1.30 billion, which reflects an 11.7% year-over-year increase.
• Several analysts have increased their price targets for EPAM Systems, with Barclays raising it from $200 to $215, and most analysts maintain a consensus rating of "Moderate Buy" with a target price of $231.73.

Fourth Sail Capital LP bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 53,000 shares of the information technology services provider's stock, valued at approximately $8,949,000. EPAM Systems accounts for approximately 2.1% of Fourth Sail Capital LP's investment portfolio, making the stock its 20th largest holding. Fourth Sail Capital LP owned 0.09% of EPAM Systems as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after buying an additional 125 shares during the last quarter. Sentry Investment Management LLC purchased a new position in EPAM Systems in the first quarter worth about $33,000. CX Institutional purchased a new position in shares of EPAM Systems during the first quarter valued at approximately $42,000. First Horizon Advisors Inc. raised its holdings in shares of EPAM Systems by 79.5% during the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock valued at $81,000 after purchasing an additional 213 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of EPAM Systems by 149.2% during the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after purchasing an additional 470 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the topic of several recent research reports. Wall Street Zen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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 research report on Friday, May 9th. Stifel Nicolaus decreased their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays increased their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Susquehanna decreased their price target 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. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $231.73.

EPAM Systems Stock Up 0.2%

Shares of NYSE EPAM traded up $0.26 during trading hours on Friday, hitting $158.00. 1,084,600 shares of the stock were exchanged, compared to its average volume of 731,945. The company has a quick ratio of 3.06, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.95 billion, a PE ratio of 22.54, a PEG ratio of 2.35 and a beta of 1.67. The firm has a fifty day moving average price of $169.93 and a 200-day moving average price of $184.30. 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 posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.61 by $0.16. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. EPAM Systems's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems Company 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.