Teza Capital Management LLC Has $1.89 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Teza Capital Management LLC lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 54.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,093 shares of the information technology services provider's stock after selling 9,632 shares during the period. Teza Capital Management LLC's holdings in EPAM Systems were worth $1,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of EPAM Systems during the fourth quarter valued at approximately $173,053,000. William Blair Investment Management LLC purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $166,906,000. Ameriprise Financial Inc. raised its holdings in shares of EPAM Systems by 39.8% in 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. Marshall Wace LLP lifted its position in 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 worth $179,944,000 after acquiring an additional 429,644 shares during the period. Finally, Capital World Investors lifted its holdings in shares of EPAM Systems by 22.0% during the fourth 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. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on EPAM. Barclays increased their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley decreased their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Scotiabank cut their price target on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Needham & Company LLC boosted their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $231.50.

EPAM Systems Stock Performance

NYSE:EPAM traded up $2.12 during trading hours on Tuesday, hitting $185.87. 740,878 shares of the company traded hands, compared to its average volume of 682,778. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $164.78 and a 200 day moving average of $210.78. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 3.38 and a beta of 1.71.

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

About EPAM Systems

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.