EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Increased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lifted its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 325,687 shares of the information technology services provider's stock after purchasing an additional 27,732 shares during the period. Frontier Capital Management Co. LLC owned about 0.57% of EPAM Systems worth $76,152,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors lifted its holdings in EPAM Systems by 22.0% in the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after buying an additional 414,942 shares during the period. Ameriprise Financial Inc. raised its stake in EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after buying an additional 620,551 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after acquiring an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of EPAM Systems by 96.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after acquiring an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in EPAM Systems by 126.4% in the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after buying an additional 429,644 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday. Scotiabank lowered their price objective on shares of 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. Guggenheim boosted their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday. Stifel Nicolaus cut their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and an average price target of $230.56.

EPAM Systems Price Performance

EPAM Systems stock traded down $2.84 during midday trading on Friday, reaching $176.87. The company's stock had a trading volume of 879,729 shares, compared to its average volume of 687,069. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. 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 firm has a market capitalization of $10.09 billion, a PE ratio of 22.56, a P/E/G ratio of 3.38 and a beta of 1.71. The stock's 50 day simple moving average is $165.80 and its 200 day simple moving average is $211.04.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $2.46 EPS. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current 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.