Voloridge Investment Management LLC Sells 100,165 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Voloridge Investment Management LLC decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,779 shares of the information technology services provider's stock after selling 100,165 shares during the period. Voloridge Investment Management LLC owned 0.21% of EPAM Systems worth $27,539,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EPAM. Susquehanna decreased their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Scotiabank reduced their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Barclays raised their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Morgan Stanley decreased their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded up $1.17 during trading on Tuesday, hitting $177.12. 315,816 shares of the stock traded hands, compared to its average volume of 681,533. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.38 and a beta of 1.71. The firm's fifty day moving average is $164.46 and its 200-day moving average is $209.91. 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, 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 data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $2.46 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. Research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal 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.