Tybourne Capital Management HK Ltd. Trims Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Tybourne Capital Management HK Ltd. lowered its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 26.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,469 shares of the information technology services provider's stock after selling 49,543 shares during the quarter. EPAM Systems accounts for about 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 reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after buying an additional 125 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of EPAM Systems in the 4th quarter worth approximately $49,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Down 1.2%

Shares of NYSE:EPAM traded down $2.24 during midday trading on Wednesday, hitting $183.65. The company had a trading volume of 941,201 shares, compared to its average volume of 683,532. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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 stock has a market cap of $10.48 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.38 and a beta of 1.71. The firm has a fifty day simple moving average of $164.81 and a 200 day simple moving average of $210.59.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results 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. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $2.46 EPS. The firm's revenue was up 11.7% on a year-over-year basis. On average, analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EPAM shares. Morgan Stanley dropped their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Piper Sandler raised their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Needham & Company LLC raised their price target on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Barclays raised their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Stifel Nicolaus dropped their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.