Tobam decreased its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 29.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,874 shares of the information technology services provider's stock after selling 2,475 shares during the period. Tobam's holdings in EPAM Systems were worth $992,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EPAM. Capital World Investors lifted its holdings in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after acquiring an additional 414,942 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after acquiring an additional 620,551 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EPAM Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after acquiring an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock worth $191,471,000 after acquiring an additional 401,355 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of EPAM Systems by 126.4% in 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 last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.
EPAM Systems Stock Down 3.1%
Shares of EPAM traded down $5.40 during midday trading on Friday, reaching $170.44. The stock had a trading volume of 549,825 shares, compared to its average volume of 700,893. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company's fifty day simple moving average is $167.13 and its two-hundred day simple moving average is $203.34. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 3.38 and a beta of 1.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.27 by $0.14. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned $2.46 EPS. EPAM Systems's revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.
Analyst Upgrades and Downgrades
EPAM has been the topic of several recent analyst reports. Scotiabank decreased their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Guggenheim increased their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays increased their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Susquehanna reduced their target price 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. Finally, Needham & Company LLC increased their target price 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems currently has an average rating of "Moderate Buy" and an average target price of $233.93.
View Our Latest Research Report on EPAM
EPAM Systems Profile
(
Free Report)
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.
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