Raiffeisen Bank International AG Buys Shares of 2,760 EPAM Systems, Inc. (NYSE:EPAM)

Raiffeisen Bank International AG purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,760 shares of the information technology services provider's stock, valued at approximately $648,000.

Several other hedge funds have also bought and sold shares of EPAM. EverSource Wealth Advisors LLC increased its stake 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 valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after buying an additional 125 shares during the last quarter. TD Private Client Wealth LLC increased its position 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 buying an additional 69 shares in the last quarter. Manchester Capital Management LLC raised its stake in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after buying an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in EPAM Systems during the fourth quarter valued at $49,000. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus cut their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays raised their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Needham & Company LLC upped their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Susquehanna cut their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Six 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Stock Performance

EPAM stock traded down $5.27 on Friday, hitting $175.36. The company had a trading volume of 333,907 shares, compared to its average volume of 682,674. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 3.38 and a beta of 1.71. The stock's 50-day simple moving average is $164.70 and its 200 day simple moving average is $210.53.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results 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 firm 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 company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business posted $2.46 EPS. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.