Twinbeech Capital LP Reduces Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Twinbeech Capital LP cut its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 85.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,081 shares of the information technology services provider's stock after selling 80,816 shares during the quarter. Twinbeech Capital LP's holdings in EPAM Systems were worth $3,292,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EPAM. Barclays PLC raised its holdings in EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after purchasing an additional 13,981 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of EPAM Systems in the 4th quarter worth about $245,000. Perpetual Ltd increased its stake in shares of EPAM Systems by 90.3% in the 4th quarter. Perpetual Ltd now owns 2,605 shares of the information technology services provider's stock worth $609,000 after acquiring an additional 1,236 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in shares of EPAM Systems by 3.0% in the 4th quarter. MBM Wealth Consultants LLC now owns 5,720 shares of the information technology services provider's stock worth $1,311,000 after acquiring an additional 165 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of EPAM Systems by 170.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,718 shares of the information technology services provider's stock worth $1,805,000 after acquiring an additional 4,862 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded down $4.74 during trading on Friday, reaching $175.89. 1,057,164 shares of the company traded hands, compared to its average volume of 684,610. The firm has a 50 day simple moving average of $164.56 and a 200-day simple moving average of $210.42. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $9.96 billion, a PE ratio of 22.43, a P/E/G ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

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 earnings per share (EPS) for the quarter, beating 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 net margin of 9.61% and a return on equity of 14.60%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 EPS. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

EPAM has been the subject of several research reports. Barclays increased their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Morgan Stanley cut their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research 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 company a "buy" rating in a research report 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. Finally, Guggenheim increased their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.50.

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.