1,878 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by SIH Partners LLLP

SIH Partners LLLP purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,878 shares of the information technology services provider's stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of EPAM Systems by 12.2% during the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after acquiring an additional 13,981 shares in the last quarter. Virtu Financial LLC acquired a new stake in EPAM Systems in the third quarter valued at approximately $738,000. SkyView Investment Advisors LLC grew its holdings in EPAM Systems by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock valued at $409,000 after purchasing an additional 60 shares during the period. Tidal Investments LLC grew its holdings in EPAM Systems by 6.1% in the third quarter. Tidal Investments LLC now owns 6,681 shares of the information technology services provider's stock valued at $1,330,000 after purchasing an additional 384 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in EPAM Systems by 1.2% in the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock valued at $14,066,000 after purchasing an additional 848 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Stock Up 0.7 %

Shares of NYSE:EPAM traded up $1.17 during trading on Friday, hitting $159.20. The company's stock had a trading volume of 440,733 shares, compared to its average volume of 693,733. The business has a 50 day moving average price of $175.93 and a two-hundred day moving average price of $213.59. The company has a market capitalization of $9.09 billion, a PE ratio of 20.31, a P/E/G ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted 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 business had revenue of $1.25 billion during 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%. As a group, research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EPAM. Piper Sandler lowered EPAM Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $251.00 to $170.00 in a research note on Wednesday, April 16th. Barclays lowered their price target on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday. Guggenheim lowered their price target on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday. Scotiabank lowered their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 24th. Finally, Morgan Stanley lifted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $235.56.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company's stock.

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.