Graham Capital Management L.P. Buys Shares of 2,952 EPAM Systems, Inc. (NYSE:EPAM)

Graham Capital Management L.P. purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,952 shares of the information technology services provider's stock, valued at approximately $690,000.

Several other hedge funds have also made changes to their positions in EPAM. American Century Companies Inc. grew its stake in EPAM Systems by 35.8% during the 4th 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 during the last quarter. Oliver Luxxe Assets LLC bought a new position in shares of EPAM Systems during the fourth quarter worth about $1,889,000. DnB Asset Management AS increased its holdings in shares of EPAM Systems by 26.4% in 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 acquiring an additional 2,349 shares during the period. Merit Financial Group LLC bought a new stake in EPAM Systems in the 4th quarter valued at about $245,000. Finally, Pinebridge Investments L.P. boosted its stake in EPAM Systems by 66.6% during the 4th quarter. Pinebridge Investments L.P. now owns 18,953 shares of the information technology services provider's stock valued at $4,432,000 after purchasing an additional 7,576 shares during the period. Institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EPAM shares. Needham & Company LLC lifted their price target on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Susquehanna lowered their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Guggenheim boosted their price target on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus decreased their price target 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, Jefferies Financial Group cut their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.50.

EPAM Systems Price Performance

NYSE:EPAM opened at $184.29 on Thursday. 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 business's 50-day moving average price is $165.05 and its 200 day moving average price is $210.80. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The firm has a market cap of $10.52 billion, a P/E ratio of 23.51, a PEG ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data 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. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company 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 company posted $2.46 EPS. The business's revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.

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