EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,080 shares of the information technology services provider’s stock after purchasing an additional 21,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.20% of EPAM Systems worth $26,674,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Investments LP increased its position in EPAM Systems by 18.3% in the 4th quarter. Two Sigma Investments LP now owns 98,210 shares of the information technology services provider’s stock valued at $22,963,000 after acquiring an additional 15,177 shares during the period. Tidal Investments LLC grew its stake in shares of EPAM Systems by 16.6% in the 4th quarter. Tidal Investments LLC now owns 7,787 shares of the information technology services provider’s stock valued at $1,821,000 after purchasing an additional 1,106 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of EPAM Systems in the 4th quarter valued at approximately $303,000. Sora Investors LLC increased its holdings in shares of EPAM Systems by 833.4% in the fourth quarter. Sora Investors LLC now owns 93,337 shares of the information technology services provider’s stock valued at $21,824,000 after purchasing an additional 83,337 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of EPAM Systems by 37.2% during the fourth quarter. Royal Bank of Canada now owns 118,230 shares of the information technology services provider’s stock worth $27,645,000 after purchasing an additional 32,055 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.2%

Shares of EPAM opened at $185.87 on Wednesday. The business’s 50 day simple moving average is $164.78 and its 200-day simple moving average is $210.78. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a market capitalization of $10.61 billion, a P/E ratio of 23.71, a PEG ratio of 3.38 and a beta of 1.71. 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 posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.46 EPS. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Guggenheim upped their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Jefferies Financial Group lowered their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Susquehanna dropped their target price on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.50.

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.