PharVision Advisers LLC Makes New $342,000 Investment in EPAM Systems, Inc. (NYSE:EPAM)

PharVision Advisers LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,464 shares of the information technology services provider's stock, valued at approximately $342,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of EPAM Systems by 90.0% during the fourth 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 raised its holdings 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 in the last quarter. TD Private Client Wealth LLC boosted 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 valued at $34,000 after acquiring an additional 69 shares during the last quarter. Manchester Capital Management LLC grew its holdings in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in EPAM Systems during the 4th quarter worth $49,000. 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 $1.17 on Tuesday, reaching $177.12. 315,816 shares of the company were exchanged, compared to its average volume of 681,533. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company's 50-day moving average is $164.46 and its two-hundred day moving average is $209.91.

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 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm's revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 EPS. As a group, research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EPAM. Stifel Nicolaus cut their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Barclays upped their price objective on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Susquehanna reduced their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Scotiabank decreased their target price on 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. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of "Moderate Buy" and an average price target of $233.93.

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.