EPAM Systems, Inc. (NYSE:EPAM) is Washington Harbour Partners LP's 8th Largest Position

Washington Harbour Partners LP increased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 176.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,000 shares of the information technology services provider's stock after purchasing an additional 8,300 shares during the quarter. EPAM Systems makes up 5.6% of Washington Harbour Partners LP's investment portfolio, making the stock its 8th biggest holding. Washington Harbour Partners LP's holdings in EPAM Systems were worth $3,040,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake 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 valued at $27,000 after buying an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake 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 valued at $30,000 after buying an additional 125 shares during the period. TD Private Client Wealth LLC grew its stake 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 valued at $34,000 after buying an additional 69 shares during the period. Manchester Capital Management LLC grew its stake 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 valued at $48,000 after buying an additional 177 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of EPAM Systems in the 4th quarter valued at about $49,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded down $4.74 during mid-day trading on Friday, hitting $175.89. 1,057,164 shares of the stock were exchanged, compared to its average volume of 682,951. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The company has a 50-day simple moving average of $164.56 and a 200 day simple moving average of $210.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company has a market capitalization of $9.96 billion, a P/E ratio of 22.43, a P/E/G ratio of 3.38 and a beta of 1.71.

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 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. EPAM Systems's revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 EPS. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their target price on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Piper Sandler raised their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Needham & Company LLC raised their price target 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. Guggenheim raised their price target 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. Finally, Morgan Stanley dropped 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 research 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. According to MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and an average target price of $233.93.

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.