Quantinno Capital Management LP Buys 14,428 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Quantinno Capital Management LP increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 189.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,035 shares of the information technology services provider's stock after acquiring an additional 14,428 shares during the quarter. Quantinno Capital Management LP's holdings in EPAM Systems were worth $5,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EPAM. Capital World Investors raised its stake in shares of EPAM Systems by 22.0% during the 4th 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. Ameriprise Financial Inc. increased its holdings in 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 worth $510,053,000 after buying an additional 620,551 shares during the last quarter. Geode Capital Management LLC raised its position in EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after acquiring an additional 37,119 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 96.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after acquiring an additional 401,355 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of EPAM Systems by 126.4% during the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock valued at $179,944,000 after acquiring an additional 429,644 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Wall Street Zen lowered EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Guggenheim increased their price target on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Scotiabank decreased their price objective on 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, Needham & Company LLC upped their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $231.50.

EPAM Systems Price Performance

NYSE EPAM traded down $4.94 on Friday, hitting $175.69. The stock had a trading volume of 333,907 shares, compared to its average volume of 682,661. The firm has a 50-day moving average of $164.70 and a 200-day moving average of $210.53. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The company had revenue of $1.30 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 earnings per share. Equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems 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.