EPAM Systems, Inc. (NYSE:EPAM) Position Raised by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 16,784.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 198,218 shares of the information technology services provider's stock after purchasing an additional 197,044 shares during the quarter. GAMMA Investing LLC owned approximately 0.35% of EPAM Systems worth $33,467,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 90.0% in the 4th 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 during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 period. TD Private Client Wealth LLC raised its holdings 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 period. Manchester Capital Management LLC raised its holdings in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in EPAM Systems in the 4th quarter worth $49,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Stock Down 0.6%

EPAM Systems stock traded down $1.14 during midday trading on Thursday, reaching $174.51. The company's stock had a trading volume of 664,025 shares, compared to its average volume of 700,874. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.89 billion, a P/E ratio of 22.26, a P/E/G ratio of 3.38 and a beta of 1.71. The business has a 50-day simple moving average of $164.34 and a 200-day simple moving average of $207.03.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the firm earned $2.46 EPS. The business's revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Susquehanna cut their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus cut their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Piper Sandler raised their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Barclays raised their price objective on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen lowered EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $233.93.

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.