Tudor Investment Corp ET AL Cuts Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Tudor Investment Corp ET AL trimmed its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 52.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,531 shares of the information technology services provider's stock after selling 105,418 shares during the quarter. Tudor Investment Corp ET AL owned about 0.17% of EPAM Systems worth $22,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. Capital World Investors raised its position in shares of EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after buying an additional 414,942 shares during the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of EPAM Systems by 96.1% during the fourth 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 purchasing an additional 401,355 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of EPAM Systems by 126.4% in 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 last quarter. Finally, Norges Bank bought a new position in EPAM Systems during the fourth quarter valued at approximately $173,053,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 1.2 %

Shares of EPAM Systems stock traded up $1.90 on Friday, hitting $160.36. 648,639 shares of the company traded hands, compared to its average volume of 696,573. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a market cap of $9.15 billion, a PE ratio of 20.45, a PEG ratio of 3.38 and a beta of 1.71. The stock's 50 day moving average price is $170.63 and its 200-day moving average price is $212.31. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EPAM shares. Scotiabank reduced their price target on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Guggenheim decreased their target price on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays dropped their price target on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, Jefferies Financial Group dropped their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.