Jacobs Levy Equity Management Inc. Acquires 204,319 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Jacobs Levy Equity Management Inc. boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 66.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 512,817 shares of the information technology services provider's stock after acquiring an additional 204,319 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.90% of EPAM Systems worth $119,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EPAM. Aurora Investment Counsel increased its position in shares of EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after purchasing an additional 45 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after buying an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in shares of EPAM Systems by 4.9% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock valued at $343,000 after buying an additional 69 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 69 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of research reports. Scotiabank lowered their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Susquehanna decreased their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Guggenheim boosted their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday. Finally, Needham & Company LLC upped their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $230.56.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $176.87 on Friday. The company has a market capitalization of $10.09 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.38 and a beta of 1.71. The business's 50 day moving average is $165.80 and its two-hundred day moving average is $211.04. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for 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 business's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. Analysts expect 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.

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