3,896 Shares in EPAM Systems, Inc. (NYSE:EPAM) Purchased by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. has acquired a new stake in EPAM Systems, purchasing 3,896 shares valued at approximately $658,000 during the first quarter.
• Analysts have adjusted their price targets for EPAM Systems, with the average target now set at $231.73 and a significant number issuing a "buy" rating.
• EPAM Systems reported a net revenue of $1.30 billion for the last quarter, exceeding analysts' expectations, although shares have dropped by 2.7%.

Jefferies Financial Group Inc. bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,896 shares of the information technology services provider's stock, valued at approximately $658,000.

A number of other institutional investors have also made changes to their positions in EPAM. Mirae Asset Global Investments Co. Ltd. increased its stake in EPAM Systems by 18.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after purchasing an additional 1,112 shares during the period. SG Americas Securities LLC lifted its holdings in EPAM Systems by 518.9% during the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after buying an additional 5,827 shares in the last quarter. CX Institutional acquired a new stake in EPAM Systems during the 1st quarter worth approximately $42,000. Fifth Third Bancorp boosted its position in EPAM Systems by 6.1% in the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after buying an additional 91 shares during the period. Finally, Pinebridge Investments L.P. grew its stake in shares of EPAM Systems by 66.6% in the fourth quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock worth $4,432,000 after acquiring an additional 7,576 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on EPAM shares. Stifel Nicolaus reduced their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Piper Sandler increased their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Susquehanna decreased their price objective 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. Scotiabank cut their target price on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $231.73.

EPAM Systems Stock Performance

Shares of EPAM stock traded up $2.15 during mid-day trading on Wednesday, hitting $151.48. 1,177,199 shares of the stock were exchanged, compared to its average volume of 605,618. The stock's fifty day simple moving average is $171.04 and its two-hundred day simple moving average is $185.93. 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. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.22 and a beta of 1.67.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 EPS. On average, analysts forecast 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.