Norris Perne & French LLP MI grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,339 shares of the information technology services provider's stock after buying an additional 3,604 shares during the quarter. EPAM Systems accounts for approximately 1.5% of Norris Perne & French LLP MI's portfolio, making the stock its 27th largest holding. Norris Perne & French LLP MI owned about 0.21% of EPAM Systems worth $19,812,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of EPAM. Norges Bank bought a new stake in EPAM Systems during the 4th quarter valued at $173,053,000. William Blair Investment Management LLC purchased a new position in shares of EPAM Systems in the fourth quarter valued at about $166,906,000. Ameriprise Financial Inc. raised its stake in shares of EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after acquiring an additional 620,551 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after purchasing an additional 429,644 shares during the period. Finally, Capital World Investors boosted its holdings in shares of EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after purchasing an additional 414,942 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.
EPAM Systems Price Performance
EPAM stock opened at $164.87 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.06 and a current ratio of 3.06. The firm has a 50 day moving average price of $168.02 and a 200-day moving average price of $202.34. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.23 and a beta of 1.72.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. 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 company earned $2.46 EPS. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
EPAM has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. 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 note on Wednesday, April 23rd. Scotiabank cut their price target on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Finally, 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 report on Friday, May 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.
Check Out Our Latest Analysis on EPAM
About EPAM Systems
(
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.
See Also
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