Gotham Asset Management LLC Buys Shares of 13,457 EPAM Systems, Inc. (NYSE:EPAM)

Gotham Asset Management LLC purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,457 shares of the information technology services provider’s stock, valued at approximately $3,147,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EPAM. EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position 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 acquiring an additional 125 shares during the period. TD Private Client Wealth LLC raised its stake in shares of EPAM Systems by 88.5% in 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 acquiring an additional 69 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in EPAM Systems by 590.0% in 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. Finally, Physician Wealth Advisors Inc. acquired a new position in EPAM Systems during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus reduced their price target on EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Needham & Company LLC raised their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a report on Friday, May 9th. Piper Sandler lifted their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Finally, Morgan Stanley lowered their target price on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.50.

EPAM Systems Stock Down 1.4%

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 company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a market capitalization of $10.52 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The business’s 50-day simple moving average is $165.05 and its 200-day simple moving average is $210.80.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $2.46 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

About EPAM Systems

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.