3,441 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by Numerai GP LLC

Numerai GP LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,441 shares of the information technology services provider’s stock, valued at approximately $805,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. OMERS ADMINISTRATION Corp lifted its position in EPAM Systems by 20.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,420 shares of the information technology services provider’s stock valued at $566,000 after buying an additional 412 shares during the period. Mubadala Investment Co PJSC purchased a new position in EPAM Systems during the fourth quarter valued at $4,759,000. Millennium Management LLC lifted its position in EPAM Systems by 62.7% during the fourth quarter. Millennium Management LLC now owns 350,960 shares of the information technology services provider’s stock valued at $82,061,000 after buying an additional 135,244 shares during the period. Moore Capital Management LP purchased a new position in EPAM Systems during the fourth quarter valued at $282,000. Finally, Lazard Asset Management LLC lifted its position in EPAM Systems by 11.6% during the fourth quarter. Lazard Asset Management LLC now owns 24,703 shares of the information technology services provider’s stock valued at $5,775,000 after buying an additional 2,559 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on EPAM shares. Piper Sandler raised their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Jefferies Financial Group lowered their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Stifel Nicolaus reduced their price target on EPAM Systems from $275.00 to $240.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Scotiabank reduced their price target on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.50.

EPAM Systems Price Performance

NYSE EPAM opened at $184.29 on Thursday. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The stock has a 50-day moving average of $165.05 and a 200 day moving average of $210.80. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $2.46 EPS. EPAM Systems’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current 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.