Point72 Hong Kong Ltd Purchases 2,482 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Point72 Hong Kong Ltd boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 456.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,026 shares of the information technology services provider's stock after buying an additional 2,482 shares during the period. Point72 Hong Kong Ltd's holdings in EPAM Systems were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. ProShare Advisors LLC increased its position in EPAM Systems by 8.9% in the 4th quarter. ProShare Advisors LLC now owns 12,164 shares of the information technology services provider's stock worth $2,844,000 after purchasing an additional 998 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of EPAM Systems by 189.7% in the 4th quarter. Quantinno Capital Management LP now owns 22,035 shares of the information technology services provider's stock worth $5,152,000 after acquiring an additional 14,428 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $196,000. Nomura Holdings Inc. bought a new position in shares of EPAM Systems during the 4th quarter worth approximately $438,000. Finally, Numerai GP LLC bought a new position in shares of EPAM Systems during the 4th quarter worth approximately $805,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of EPAM traded down $1.45 during mid-day trading on Thursday, reaching $182.16. 271,677 shares of the stock traded hands, compared to its average volume of 681,949. The firm has a fifty day moving average price of $164.81 and a 200 day moving average price of $210.59. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. 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 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 net margin of 9.61% and a return on equity of 14.60%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 earnings per share. As a group, equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EPAM shares. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Barclays raised their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Stifel Nicolaus lowered their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Piper Sandler boosted their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, Needham & Company LLC boosted 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.50.

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.