Leeward Investments LLC MA Acquires 8,111 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Leeward Investments LLC MA grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,968 shares of the information technology services provider's stock after purchasing an additional 8,111 shares during the period. Leeward Investments LLC MA owned approximately 0.08% of EPAM Systems worth $7,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of 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 acquiring an additional 125 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems in the 1st quarter worth about $33,000. TD Private Client Wealth LLC raised its holdings in shares of 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 acquiring an additional 69 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of EPAM Systems in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EPAM shares. Morgan Stanley decreased their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Barclays increased their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Susquehanna decreased their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Guggenheim increased their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.93.

EPAM Systems Stock Performance

Shares of EPAM stock traded up $3.16 during trading hours on Friday, hitting $182.71. 273,809 shares of the company were exchanged, compared to its average volume of 686,319. The firm has a fifty day simple moving average of $173.82 and a 200 day simple moving average of $195.78. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.44 and a beta of 1.70.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $2.46 EPS. EPAM Systems's quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

About EPAM Systems

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.