White Oak Capital Partners Pte. Ltd. Invests $406,000 in EPAM Systems, Inc. (NYSE:EPAM)

White Oak Capital Partners Pte. Ltd. purchased a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,732 shares of the information technology services provider's stock, valued at approximately $406,000. EPAM Systems comprises approximately 0.2% of White Oak Capital Partners Pte. Ltd.'s holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in EPAM. EverSource Wealth Advisors LLC raised its position in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 125 shares during the last quarter. TD Private Client Wealth LLC lifted its position in EPAM Systems by 88.5% during the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc purchased a new stake in EPAM Systems in the fourth quarter valued at $35,000. Finally, Manchester Capital Management LLC grew its position in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPAM has been the subject of several analyst reports. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Barclays lowered their price objective on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday. Scotiabank dropped their price objective on shares of 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. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Morgan Stanley raised their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.56.

EPAM Systems Price Performance

NYSE:EPAM traded down $1.09 during trading hours on Monday, hitting $158.03. 160,355 shares of the stock were exchanged, compared to its average volume of 691,660. The firm's fifty day moving average price is $175.93 and its 200 day moving average price is $213.59. 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 $9.02 billion, a P/E ratio of 20.13, a P/E/G ratio of 3.38 and a beta of 1.69. 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 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 firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS 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.