1,392 Shares in EPAM Systems, Inc. (NYSE:EPAM) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,392 shares of the information technology services provider's stock, valued at approximately $325,000.

A number of other hedge funds also recently modified their holdings of the stock. Aurora Investment Counsel raised its holdings in EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after acquiring an additional 45 shares in the last quarter. UniSuper Management Pty Ltd raised its position in EPAM Systems by 0.3% during 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 purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the last quarter. TD Private Client Wealth LLC boosted its position 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 valued at $34,000 after purchasing an additional 69 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of EPAM Systems by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the information technology services provider's stock valued at $1,024,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EPAM shares. Barclays raised their price objective 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 boosted their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus lowered their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Guggenheim boosted their price objective on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley cut their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.50.

EPAM Systems Stock Down 0.3%

EPAM traded down $0.54 on Tuesday, hitting $183.21. The company had a trading volume of 76,722 shares, compared to its average volume of 680,048. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a fifty day simple moving average of $164.66 and a 200-day simple moving average of $210.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm has a market capitalization of $10.46 billion, a P/E ratio of 23.33, a P/E/G 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 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 company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, equities 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.