EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Quarry LP

Quarry LP raised its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 643.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,507 shares of the information technology services provider's stock after buying an additional 2,170 shares during the period. Quarry LP's holdings in EPAM Systems were worth $586,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Aurora Investment Counsel raised its position in shares of EPAM Systems by 0.7% during the 4th 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 lifted its position in shares of EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock valued at $3,655,000 after acquiring an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 54 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after purchasing an additional 60 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC raised its stake in EPAM Systems by 4.9% in 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 purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM traded up $2.43 during midday trading on Friday, reaching $160.89. 382,977 shares of the stock were exchanged, compared to its average volume of 695,627. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. 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 company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.38 and a beta of 1.71. The business's 50-day moving average price is $170.63 and its 200 day moving average price is $212.31.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of recent research reports. Susquehanna reduced their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Stifel Nicolaus cut 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. Finally, Guggenheim lowered their price objective on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $232.88.

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.