Fox Run Management L.L.C. lifted its stake in EPAM Systems Inc (NYSE:EPAM) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,531 shares of the information technology services provider’s stock after purchasing an additional 321 shares during the quarter. Fox Run Management L.L.C.’s holdings in EPAM Systems were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paradigm Asset Management Co. LLC purchased a new stake in shares of EPAM Systems in the third quarter worth approximately $76,000. Tower Research Capital LLC TRC raised its position in EPAM Systems by 60.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,072 shares of the information technology services provider’s stock valued at $148,000 after acquiring an additional 403 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in EPAM Systems during the third quarter valued at approximately $166,000. Cerebellum GP LLC bought a new position in EPAM Systems during the fourth quarter valued at approximately $167,000. Finally, Point72 Hong Kong Ltd raised its position in EPAM Systems by 721.1% during the third quarter. Point72 Hong Kong Ltd now owns 1,248 shares of the information technology services provider’s stock valued at $172,000 after acquiring an additional 1,096 shares in the last quarter. 92.54% of the stock is owned by institutional investors and hedge funds.
Shares of EPAM Systems stock opened at $138.59 on Friday. The firm has a market capitalization of $7.49 billion, a PE ratio of 37.56, a P/E/G ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.11 and a current ratio of 5.11. EPAM Systems Inc has a 1 year low of $102.03 and a 1 year high of $144.19.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.33. The business had revenue of $468.20 million for the quarter, compared to the consensus estimate of $466.97 million. EPAM Systems had a net margin of 8.60% and a return on equity of 19.19%. EPAM Systems’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. On average, sell-side analysts anticipate that EPAM Systems Inc will post 3.42 earnings per share for the current year.
Several brokerages recently weighed in on EPAM. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Wednesday. Jefferies Financial Group began coverage on shares of EPAM Systems in a research report on Tuesday, November 20th. They set a “hold” rating and a $134.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of EPAM Systems from $152.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Cantor Fitzgerald raised their price objective on shares of EPAM Systems from $139.00 to $146.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Finally, KeyCorp lowered their price target on EPAM Systems from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $142.87.
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EPAM Systems Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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