EPAM Systems, Inc. $EPAM Stock Holdings Increased by National Bank of Canada FI

National Bank of Canada FI boosted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 61.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,506 shares of the information technology services provider's stock after acquiring an additional 16,235 shares during the period. National Bank of Canada FI owned 0.07% of EPAM Systems worth $7,177,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 acquiring an additional 1,112 shares during the last quarter. SG Americas Securities LLC grew its position in shares of EPAM Systems by 518.9% during the first quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after acquiring an additional 5,827 shares during the last quarter. CX Institutional bought a new position in EPAM Systems in the 1st quarter valued at about $42,000. Fifth Third Bancorp grew 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 in the last quarter. Finally, Pinebridge Investments L.P. grew its position in EPAM Systems by 66.6% in the 4th quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock valued at $4,432,000 after buying an additional 7,576 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Up 4.7%

EPAM stock traded up $7.44 during mid-day trading on Monday, reaching $165.15. 327,094 shares of the stock traded hands, compared to its average volume of 749,681. The company has a current ratio of 3.17, a quick ratio of 3.17 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 company has a market cap of $9.20 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.35 and a beta of 1.67. The stock's fifty day moving average is $168.12 and its 200-day moving average is $180.52.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.45 earnings per share. As a group, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EPAM. Scotiabank decreased their target price on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday. Morgan Stanley cut their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Stifel Nicolaus cut their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Susquehanna cut their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.06.

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.