Tybourne Capital Management HK Ltd. Decreases Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Tybourne Capital Management HK Ltd. lessened its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 26.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 135,469 shares of the information technology services provider's stock after selling 49,543 shares during the period. EPAM Systems makes up approximately 8.0% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 4th largest position. Tybourne Capital Management HK Ltd. owned 0.24% of EPAM Systems worth $31,675,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in 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 valued at $538,778,000 after acquiring an additional 414,942 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 valued at $510,053,000 after acquiring an additional 620,551 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 valued at $314,616,000 after acquiring an additional 37,119 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 buying an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP raised 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 buying an additional 429,644 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EPAM. Scotiabank dropped their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC increased their target price on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Guggenheim increased their target price on 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 EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.50.

EPAM Systems Price Performance

EPAM stock traded down $4.74 during midday trading on Friday, reaching $175.89. 1,057,164 shares of the company's stock traded hands, compared to its average volume of 684,610. The company has a 50-day simple moving average of $164.56 and a two-hundred day simple moving average of $210.42. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 22.43, 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 (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 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 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 quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $2.46 EPS. On average, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems 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.