3,436 Shares in EPAM Systems, Inc. $EPAM Bought by Davis Investment Partners LLC

Davis Investment Partners LLC bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,436 shares of the information technology services provider’s stock, valued at approximately $372,000.

Other hedge funds have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. grew its holdings in EPAM Systems by 236.2% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 232 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 163 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of EPAM Systems by 47.3% during the third quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider’s stock worth $29,000 after buying an additional 86 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of EPAM Systems by 1,068.3% during the second quarter. Signaturefd LLC now owns 479 shares of the information technology services provider’s stock worth $38,000 after buying an additional 438 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of EPAM Systems during the second quarter worth $43,000. Finally, Trust Asset Management LLC bought a new stake in shares of EPAM Systems in the second quarter valued at about $50,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

NYSE:EPAM opened at $163.68 on Wednesday. The stock has a fifty day moving average price of $123.61 and a 200-day moving average price of $120.84. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.63 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.76 and a current ratio of 2.76. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.10. EPAM Systems had a return on equity of 16.76% and a net margin of 7.53%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $3.08 EPS. EPAM Systems’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that EPAM Systems, Inc. will post 10.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on EPAM. TD Cowen decreased their price target on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Susquehanna lifted their price objective on shares of EPAM Systems from $146.00 to $190.00 and gave the stock a “positive” rating in a research note on Friday, November 6th. Guggenheim lifted their price objective on shares of EPAM Systems from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC boosted their price objective on shares of EPAM Systems from $120.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Finally, William Blair lowered shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $143.73.

EPAM Systems Profile

EPAM Systems is a global provider of software engineering, digital transformation and consulting services. The company helps businesses design, build and maintain software products and digital platforms, and offers services in areas such as cloud computing, data and artificial intelligence, and cybersecurity. Founded in 1993 by Arkadiy Dobkin, EPAM has grown from a software development firm into a technology services company serving clients across the Americas, Europe and Asia-Pacific. It works with organizations in industries including financial services, healthcare, retail and technology.