Stifel Financial Corp reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,889 shares of the information technology services provider's stock after selling 15,440 shares during the quarter. Stifel Financial Corp's holdings in EPAM Systems were worth $3,949,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after buying an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems during the 4th quarter worth approximately $35,000. Finally, Manchester Capital Management LLC increased its position in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 177 shares during the period. 91.58% of the stock is owned by institutional investors.
EPAM Systems Price Performance
Shares of EPAM stock traded down $0.87 during trading hours on Monday, reaching $159.49. 656,255 shares of the company were exchanged, compared to its average volume of 699,004. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week 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 stock's fifty day moving average is $169.62 and its two-hundred day moving average is $212.23. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 3.38 and a beta of 1.71.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (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%. Sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on EPAM shares. Susquehanna decreased their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Scotiabank lowered their target price on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Barclays cut their price target on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Piper Sandler lowered EPAM Systems from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $251.00 to $170.00 in a research note on Wednesday, April 16th. Finally, StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus price target of $232.88.
Check Out Our Latest Analysis on EPAM
About EPAM Systems
(
Free Report)
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.
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