Leeward Investments LLC MA Boosts Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Leeward Investments LLC MA boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,968 shares of the information technology services provider's stock after buying an additional 8,111 shares during the quarter. Leeward Investments LLC MA owned approximately 0.08% of EPAM Systems worth $7,761,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC raised its position 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 valued at $27,000 after purchasing an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted 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 valued at $30,000 after acquiring an additional 125 shares during the last quarter. Sentry Investment Management LLC bought a new stake in EPAM Systems in the first quarter valued at approximately $33,000. TD Private Client Wealth LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 69 shares during the last quarter. Finally, CX Institutional bought a new stake in EPAM Systems in the first quarter valued at approximately $42,000. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EPAM has been the topic of several analyst reports. Morgan Stanley reduced their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Piper Sandler upped their target price on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Needham & Company LLC lifted their target price on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Susquehanna lowered their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $233.93.

EPAM Systems Stock Down 1.0%

Shares of NYSE EPAM traded down $1.75 during midday trading on Monday, hitting $181.08. 194,396 shares of the stock traded hands, compared to its average volume of 684,405. The company has a market cap of $10.26 billion, a PE ratio of 25.33, a P/E/G ratio of 2.44 and a beta of 1.70. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The business has a 50 day moving average price of $173.82 and a two-hundred day moving average price of $195.78. 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 (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.27 by $0.14. The firm had revenue of $1.30 billion during 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 company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 earnings per share. On average, equities analysts predict 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.