Worldquant Millennium Advisors LLC Has $4.97 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Worldquant Millennium Advisors LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 82.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,273 shares of the information technology services provider's stock after acquiring an additional 9,601 shares during the period. Worldquant Millennium Advisors LLC's holdings in EPAM Systems were worth $4,974,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EPAM. Barclays PLC increased its stake in EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after purchasing an additional 13,981 shares in the last quarter. Merit Financial Group LLC purchased a new position in EPAM Systems in the 4th quarter worth about $245,000. Perpetual Ltd increased its stake in EPAM Systems by 90.3% in the 4th quarter. Perpetual Ltd now owns 2,605 shares of the information technology services provider's stock worth $609,000 after purchasing an additional 1,236 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in EPAM Systems by 3.0% in the 4th quarter. MBM Wealth Consultants LLC now owns 5,720 shares of the information technology services provider's stock worth $1,311,000 after purchasing an additional 165 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in EPAM Systems by 170.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,718 shares of the information technology services provider's stock worth $1,805,000 after purchasing an additional 4,862 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EPAM. Scotiabank dropped their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Susquehanna dropped their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Barclays lifted their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Morgan Stanley dropped their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Finally, Guggenheim lifted their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $231.50.

EPAM Systems Stock Down 2.6%

Shares of EPAM Systems stock traded down $4.74 during trading on Friday, hitting $175.89. 1,057,164 shares of the stock traded hands, compared to its average volume of 682,951. The stock has a market cap of $9.96 billion, a P/E ratio of 22.43, a PEG ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a fifty day moving average price of $164.56 and a two-hundred day moving average price of $210.47.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.14. The business had revenue of $1.30 billion during 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 firm's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 EPS. Equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems Company 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.