Moore Capital Management LP Buys Shares of 1,208 EPAM Systems, Inc. (NYSE:EPAM)

Moore Capital Management LP purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,208 shares of the information technology services provider’s stock, valued at approximately $282,000.

A number of other institutional investors have also recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC lifted its holdings in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in EPAM Systems by 2,500.0% during the fourth 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 lifted its stake in EPAM Systems by 88.5% during the fourth 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 boosted its holdings in shares of 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 in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems during the 4th quarter valued at about $49,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EPAM shares. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Jefferies Financial Group cut 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 note on Tuesday, January 21st. Guggenheim increased their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, May 9th. Morgan Stanley lowered their price target on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Finally, Susquehanna reduced their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. Seven 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 has an average rating of “Moderate Buy” and a consensus price target of $231.50.

EPAM Systems Trading Up 0.6%

EPAM opened at $187.81 on Wednesday. EPAM Systems, Inc. has a one year low of $138.15 and a one year 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. The business has a 50 day simple moving average of $165.34 and a two-hundred day simple moving average of $210.99. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM) last announced 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. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 earnings per share. Analysts predict that EPAM Systems, Inc. will post 8.9 EPS 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.