Schonfeld Strategic Advisors LLC Has $655,000 Stake in EPAM Systems, Inc. (NYSE:EPAM)

Schonfeld Strategic Advisors LLC reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the information technology services provider’s stock after selling 3,412 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in EPAM Systems were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EPAM. Norges Bank acquired a new position in shares of EPAM Systems during the 4th quarter worth approximately $173,053,000. William Blair Investment Management LLC acquired a new position in EPAM Systems in the 4th quarter valued at $166,906,000. Marshall Wace LLP lifted its position in shares of EPAM Systems by 126.4% during 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 grew its holdings in shares of EPAM Systems by 22.0% during the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after purchasing an additional 414,942 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of EPAM Systems by 96.1% in the fourth 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 currently owned by institutional investors.

EPAM Systems Stock Down 1.6 %

Shares of EPAM opened at $176.87 on Friday. The stock’s 50-day moving average price is $165.80 and its two-hundred day moving average price is $210.92. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.60% and a net margin of 9.61%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.46 earnings per share. On average, analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced 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 note on Friday, May 2nd. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Piper Sandler upped their target price on EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday. Guggenheim lifted their price target on EPAM Systems from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays dropped their price objective on 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.94.

EPAM Systems Company 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.