EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 586.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,094 shares of the information technology services provider’s stock after purchasing an additional 39,383 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of EPAM Systems worth $10,777,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 125 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Manchester Capital Management LLC increased its holdings in EPAM Systems by 590.0% in the 4th 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 in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in EPAM Systems in the 4th quarter valued at $49,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EPAM. Needham & Company LLC raised their target price on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Piper Sandler raised their target price on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Stifel Nicolaus lowered their target price on EPAM Systems from $275.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Susquehanna lowered their target price on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.50.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $183.54 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 moving average price is $164.77 and its two-hundred day moving average price is $210.69. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a market capitalization of $10.47 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $2.46 earnings per share. EPAM Systems’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share 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.