FORA Capital LLC Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

FORA Capital LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,456 shares of the information technology services provider’s stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aurora Investment Counsel lifted its position in EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after purchasing an additional 45 shares during the period. UniSuper Management Pty Ltd lifted its holdings in shares of EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock valued at $3,655,000 after buying an additional 52 shares during the period. EverSource Wealth Advisors LLC boosted its stake in EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares in the last quarter. Baker Tilly Wealth Management LLC grew its holdings in EPAM Systems by 4.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider’s stock worth $343,000 after acquiring an additional 69 shares during the period. Finally, TD Private Client Wealth LLC raised its position in 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 worth $34,000 after acquiring an additional 69 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EPAM. Guggenheim raised their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC lifted their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group cut 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. Scotiabank decreased their target price on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley reduced their target price on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price of $230.56.

EPAM Systems Stock Performance

Shares of EPAM opened at $176.87 on Friday. The company’s 50 day moving average price is $165.80 and its 200 day moving average price is $211.04. The company has a market capitalization of $10.09 billion, a PE ratio of 22.56, a PEG ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week 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.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $2.46 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems 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.