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

Quantinno Capital Management LP boosted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 189.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,035 shares of the information technology services provider's stock after purchasing an additional 14,428 shares during the period. Quantinno Capital Management LP's holdings in EPAM Systems were worth $5,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mufg Securities Americas Inc. acquired a new stake in EPAM Systems in the fourth quarter valued at $196,000. Nomura Holdings Inc. acquired a new position in shares of EPAM Systems during the 4th quarter valued at $438,000. Numerai GP LLC acquired a new stake in EPAM Systems in the fourth quarter worth $805,000. OMERS ADMINISTRATION Corp increased its stake in EPAM Systems by 20.5% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,420 shares of the information technology services provider's stock valued at $566,000 after purchasing an additional 412 shares in the last quarter. Finally, Mubadala Investment Co PJSC bought a new position in shares of EPAM Systems during the 4th quarter worth about $4,759,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

EPAM Systems stock traded up $2.12 during midday trading on Tuesday, hitting $185.87. 740,878 shares of the company's stock were exchanged, compared to its average volume of 682,778. The stock has a 50-day moving average price of $164.78 and a two-hundred day moving average price of $210.78. 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 $10.61 billion, a P/E ratio of 23.71, a PEG 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 (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $2.46 earnings per share. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EPAM. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Scotiabank decreased their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Susquehanna cut their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Needham & Company LLC increased their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Guggenheim lifted their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus target price of $231.50.

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.