Sora Investors LLC Has $21.82 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Sora Investors LLC lifted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 833.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,337 shares of the information technology services provider's stock after purchasing an additional 83,337 shares during the quarter. EPAM Systems accounts for about 2.4% of Sora Investors LLC's investment portfolio, making the stock its 12th largest holding. Sora Investors LLC owned 0.16% of EPAM Systems worth $21,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Capital World Investors lifted its stake in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after purchasing an additional 414,942 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EPAM Systems by 39.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after acquiring an additional 620,551 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of EPAM Systems by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after acquiring an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after acquiring an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after purchasing an additional 429,644 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Guggenheim raised their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus reduced their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Susquehanna dropped their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Barclays increased their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Morgan Stanley decreased their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $231.50.

EPAM Systems Price Performance

NYSE EPAM traded down $1.78 during trading on Wednesday, reaching $184.11. 335,912 shares of the company traded hands, compared to its average volume of 681,561. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.38 and a beta of 1.71. The stock's 50 day moving average price is $164.78 and its two-hundred day moving average price is $210.78. 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 (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results 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 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%. EPAM Systems's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

About EPAM Systems

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.