iSAM Funds UK Ltd Has $242,000 Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

iSAM Funds UK Ltd trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,037 shares of the information technology services provider’s stock after selling 366 shares during the quarter. iSAM Funds UK Ltd’s holdings in EPAM Systems were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vident Advisory LLC bought a new position in shares of EPAM Systems during the fourth quarter worth $304,000. Two Sigma Advisers LP boosted its position in shares of EPAM Systems by 22.6% during the fourth quarter. Two Sigma Advisers LP now owns 114,080 shares of the information technology services provider’s stock worth $26,674,000 after purchasing an additional 21,000 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of EPAM Systems by 18.3% during the fourth quarter. Two Sigma Investments LP now owns 98,210 shares of the information technology services provider’s stock worth $22,963,000 after purchasing an additional 15,177 shares in the last quarter. Tidal Investments LLC boosted its position in shares of EPAM Systems by 16.6% during the fourth quarter. Tidal Investments LLC now owns 7,787 shares of the information technology services provider’s stock worth $1,821,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of EPAM Systems during the fourth quarter worth $303,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the topic of several research reports. Susquehanna cut their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Guggenheim boosted 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, May 9th. Morgan Stanley cut their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Finally, Stifel Nicolaus cut their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.50.

EPAM Systems Stock Up 1.2%

EPAM Systems stock opened at $185.87 on Wednesday. The firm has a market capitalization of $10.61 billion, a PE ratio of 23.71, a P/E/G ratio of 3.38 and a beta of 1.71. The company’s 50-day moving average is $164.78 and its 200-day moving average is $210.78. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. EPAM Systems’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS. Sell-side analysts anticipate 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.