Lansforsakringar Fondforvaltning AB publ Invests $4.27 Million in EPAM Systems, Inc. (NYSE:EPAM)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 18,242 shares of the information technology services provider's stock, valued at approximately $4,265,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Aurora Investment Counsel lifted its holdings in shares of EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after acquiring an additional 45 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 during the last quarter. TD Private Client Wealth LLC lifted its stake in EPAM Systems by 88.5% in the fourth 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 last quarter. Finally, Inspire Advisors LLC lifted its stake in EPAM Systems by 4.3% in the fourth quarter. Inspire Advisors LLC now owns 2,877 shares of the information technology services provider's stock worth $673,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EPAM. Guggenheim raised their target price 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. Morgan Stanley reduced their target price on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Piper Sandler raised their target price on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Susquehanna reduced 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. Finally, Stifel Nicolaus reduced their target price 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded up $0.45 during trading hours 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's 50 day moving average is $164.33 and its 200 day moving average is $208.47. The firm has a market capitalization of $9.87 billion, a PE ratio of 22.22, a PEG ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 earnings per share. Equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.