Wellington Management Group LLP Lowers Position in EPAM Systems, Inc. (NYSE:EPAM)

Wellington Management Group LLP trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,467 shares of the information technology services provider's stock after selling 20,827 shares during the period. Wellington Management Group LLP owned 0.34% of EPAM Systems worth $45,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EPAM. Barclays PLC lifted its position in EPAM Systems by 12.2% during the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock valued at $25,602,000 after acquiring an additional 13,981 shares during the period. Janney Montgomery Scott LLC increased its stake in EPAM Systems by 170.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,718 shares of the information technology services provider's stock valued at $1,805,000 after purchasing an additional 4,862 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of EPAM Systems in the fourth quarter worth approximately $218,000. Blue Trust Inc. grew its stake in shares of EPAM Systems by 46.5% in the fourth quarter. Blue Trust Inc. now owns 488 shares of the information technology services provider's stock worth $114,000 after acquiring an additional 155 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of EPAM Systems by 16.3% in the fourth quarter. Pacer Advisors Inc. now owns 5,049 shares of the information technology services provider's stock worth $1,181,000 after acquiring an additional 707 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

NYSE:EPAM traded up $3.05 during trading hours on Tuesday, hitting $173.63. 220,838 shares of the stock traded hands, compared to its average volume of 696,810. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The stock has a 50 day moving average price of $164.20 and a 200 day moving average price of $207.48. 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 company has a market cap of $9.84 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. The business's revenue was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EPAM shares. Susquehanna reduced their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Scotiabank reduced their price target 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. Stifel Nicolaus reduced their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley dropped 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 report on Friday, May 9th. Finally, Piper Sandler raised their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

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.