EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 50.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,252 shares of the information technology services provider's stock after purchasing an additional 29,029 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.15% of EPAM Systems worth $14,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after acquiring an additional 5,435 shares during the period. SG Americas Securities LLC lifted its position in EPAM Systems by 518.9% during the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock valued at $1,173,000 after purchasing an additional 5,827 shares during the period. Fifth Third Bancorp lifted its position in EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after purchasing an additional 91 shares during the period. DnB Asset Management AS raised its position in shares of EPAM Systems by 26.4% in the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after acquiring an additional 2,349 shares during the period. Finally, CX Institutional acquired a new stake in shares of EPAM Systems in the 1st quarter valued at approximately $42,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Up 1.2%

EPAM stock traded up $2.15 during midday trading on Tuesday, reaching $178.97. The company's stock had a trading volume of 554,047 shares, compared to its average volume of 686,244. 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 3.06 and a current ratio of 3.06. The stock has a fifty day simple moving average of $172.34 and a two-hundred day simple moving average of $197.42. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.33 and a beta of 1.70.

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 for the quarter, beating 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 14.15% and a net margin of 8.47%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 earnings per share. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wall Street Zen downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Scotiabank decreased their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Guggenheim lifted their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Piper Sandler lifted their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.