Oak Thistle LLC Buys 5,094 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Oak Thistle LLC boosted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 23.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,724 shares of the information technology services provider's stock after acquiring an additional 5,094 shares during the period. EPAM Systems comprises approximately 0.9% of Oak Thistle LLC's portfolio, making the stock its 5th largest position. Oak Thistle LLC's holdings in EPAM Systems were worth $4,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position 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. TD Private Client Wealth LLC lifted its position 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. Sentry Investment Management LLC purchased a new stake in EPAM Systems in the first quarter valued at $33,000. Physician Wealth Advisors Inc. purchased a new stake in EPAM Systems in the fourth quarter valued at $49,000. Finally, CX Institutional purchased a new stake in shares of EPAM Systems in the first quarter valued at about $42,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded up $1.78 on Friday, reaching $170.73. 443,722 shares of the stock were exchanged, compared to its average volume of 562,815. 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 business has a fifty day moving average price of $174.03 and a two-hundred day moving average price of $189.27. The firm has a market capitalization of $9.67 billion, a PE ratio of 23.88, a PEG ratio of 2.41 and a beta of 1.70.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $2.46 earnings per share. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Piper Sandler upped their target price on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 target price for the company. Guggenheim upped their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Scotiabank reduced 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 report on Tuesday, April 29th. Finally, Morgan Stanley reduced their target price 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.73.

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.