Snowden Capital Advisors LLC Sells 1,900 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Snowden Capital Advisors LLC reduced its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 68.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 877 shares of the information technology services provider's stock after selling 1,900 shares during the period. Snowden Capital Advisors LLC's holdings in EPAM Systems were worth $205,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in EPAM Systems by 35.8% during the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after purchasing an additional 5,435 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in EPAM Systems in the fourth quarter valued at about $1,889,000. DnB Asset Management AS raised its stake in EPAM Systems by 26.4% during the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after buying an additional 2,349 shares in the last quarter. Merit Financial Group LLC bought a new position in EPAM Systems during the 4th quarter worth approximately $245,000. Finally, Pinebridge Investments L.P. grew its position in shares of EPAM Systems by 66.6% in the 4th quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock worth $4,432,000 after acquiring an additional 7,576 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EPAM. Morgan Stanley decreased their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Needham & Company LLC increased their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Scotiabank decreased their target price on shares of 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. Guggenheim raised their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Piper Sandler increased their price objective on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus price target of $233.93.

EPAM Systems Stock Performance

EPAM Systems stock traded up $0.72 during mid-day trading on Tuesday, reaching $176.67. The company had a trading volume of 1,082,476 shares, compared to its average volume of 684,549. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 3.38 and a beta of 1.71. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a 50 day moving average of $164.46 and a 200-day moving average of $209.91.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.