Manning & Napier Advisors LLC decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 411,650 shares of the information technology services provider's stock after selling 252,636 shares during the quarter. Manning & Napier Advisors LLC owned 0.72% of EPAM Systems worth $69,503,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC increased its stake in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in EPAM Systems by 2,500.0% during 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 buying an additional 125 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in EPAM Systems during the 1st quarter worth approximately $33,000. TD Private Client Wealth LLC increased its stake in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares in the last quarter. Finally, CX Institutional purchased a new stake in EPAM Systems during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 91.58% of the company's stock.
EPAM Systems Trading Up 3.0%
EPAM Systems stock traded up $4.91 during mid-day trading on Monday, hitting $167.97. The company's stock had a trading volume of 831,711 shares, compared to its average volume of 692,593. The firm has a market capitalization of $9.52 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.72. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average is $169.03 and its two-hundred day moving average is $200.16.
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 the consensus estimate of $2.27 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.46 earnings per share. On average, analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.
Analysts Set New Price Targets
Several research firms have commented on EPAM. Morgan Stanley cut their price objective on 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. Guggenheim upped their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Piper Sandler upped 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. Barclays upped their price target 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, Susquehanna dropped their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $233.93.
Get Our Latest Stock Analysis on EPAM Systems
EPAM Systems Profile
(
Free Report)
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.
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