EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 56.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,380 shares of the information technology services provider’s stock after acquiring an additional 92,859 shares during the quarter. AQR Capital Management LLC owned about 0.45% of EPAM Systems worth $60,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of EPAM Systems in the 4th quarter valued at about $173,053,000. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems in the 4th quarter valued at $166,906,000. Marshall Wace LLP increased its holdings in shares of EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after acquiring an additional 429,644 shares during the period. Capital World Investors raised its position in EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock valued at $538,778,000 after purchasing an additional 414,942 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 96.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider’s stock worth $191,471,000 after purchasing an additional 401,355 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

EPAM Systems stock opened at $158.46 on Friday. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $170.63 and its 200 day simple moving average is $212.31. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The firm has a market capitalization of $9.04 billion, a PE ratio of 20.21, a P/E/G ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EPAM. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Piper Sandler downgraded EPAM Systems from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $251.00 to $170.00 in a research note on Wednesday, April 16th. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Guggenheim lowered their price objective on shares of EPAM Systems from $285.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Barclays cut their price objective on shares of EPAM Systems from $270.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.44.

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.