Sherbrooke Park Advisers LLC Invests $303,000 in EPAM Systems, Inc. (NYSE:EPAM)

Sherbrooke Park Advisers LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,295 shares of the information technology services provider’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position 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 worth $27,000 after purchasing an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position 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 worth $30,000 after purchasing an additional 125 shares during the last quarter. TD Private Client Wealth LLC raised its position 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 worth $34,000 after purchasing an additional 69 shares during the last quarter. Manchester Capital Management LLC raised its position 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 worth $48,000 after purchasing an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in EPAM Systems in the 4th quarter worth approximately $49,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Jefferies Financial Group dropped their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Barclays upped their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Finally, Morgan Stanley dropped 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 report on Friday, May 9th. Six 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, EPAM Systems currently has an average rating of “Moderate Buy” and an average target price of $231.50.

EPAM Systems Stock Down 0.6%

NYSE:EPAM opened at $183.54 on Monday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 3.38 and a beta of 1.71. The stock has a 50-day moving average price of $164.77 and a two-hundred day moving average price of $210.99.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts expect 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.