EPAM Systems, Inc. (NYSE:EPAM) Stake Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 59.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,024 shares of the information technology services provider's stock after acquiring an additional 2,988 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in EPAM Systems were worth $1,355,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in EPAM Systems by 35.8% in the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after buying an additional 5,435 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of EPAM Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after acquiring an additional 1,112 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of EPAM Systems by 518.9% in the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after purchasing an additional 5,827 shares in the last quarter. Fifth Third Bancorp boosted its holdings in EPAM Systems by 6.1% in the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after acquiring an additional 91 shares in the last quarter. Finally, DnB Asset Management AS grew its position in EPAM Systems by 26.4% during the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock worth $2,629,000 after purchasing an additional 2,349 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 1.1%

Shares of NYSE:EPAM traded up $1.78 during trading on Friday, reaching $170.73. The stock had a trading volume of 443,722 shares, compared to its average volume of 562,815. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The business has a fifty day moving average price of $174.03 and a 200-day moving average price of $189.27. The stock has a market cap of $9.67 billion, a P/E ratio of 23.88, a PEG ratio of 2.41 and a beta of 1.70. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.46 EPS. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the topic of several research analyst reports. Stifel Nicolaus dropped their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley reduced their target price on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Barclays upped their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Needham & Company LLC increased their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $231.73.

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.