Sora Investors LLC Raises Position in EPAM Systems, Inc. (NYSE:EPAM)

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of EPAM Systems by 37.2% in the 4th quarter. Royal Bank of Canada now owns 118,230 shares of the information technology services provider's stock valued at $27,645,000 after purchasing an additional 32,055 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of EPAM Systems in the 4th quarter valued at about $648,000. Point72 Asia Singapore Pte. Ltd. increased its position in EPAM Systems by 19,900.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,800 shares of the information technology services provider's stock valued at $421,000 after acquiring an additional 1,791 shares during the period. Point72 Asset Management L.P. acquired a new position in EPAM Systems in the 4th quarter valued at about $66,662,000. Finally, Point72 Hong Kong Ltd increased its position in EPAM Systems by 456.3% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,026 shares of the information technology services provider's stock valued at $708,000 after acquiring an additional 2,482 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPAM has been the topic of several recent research reports. Scotiabank dropped their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Stifel Nicolaus dropped their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Jefferies Financial Group dropped their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Piper Sandler boosted their target price on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $231.50.

EPAM Systems Price Performance

NYSE:EPAM traded up $0.06 during trading hours on Monday, reaching $183.66. 763,843 shares of the company traded hands, compared to its average volume of 682,374. The firm's 50-day moving average is $164.66 and its 200-day moving average is $210.95. The stock has a market cap of $10.48 billion, a P/E ratio of 23.43, a P/E/G ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. 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 announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations 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 prior year, the firm earned $2.46 EPS. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share 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.