EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,409 shares of the information technology services provider’s stock after purchasing an additional 487 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in EPAM Systems were worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ninety One UK Ltd acquired a new position in shares of EPAM Systems in the 1st quarter valued at $186,280,000. Norges Bank acquired a new position in EPAM Systems in the 4th quarter valued at $173,053,000. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth $166,906,000. Ameriprise Financial Inc. boosted its position in shares of EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock worth $510,053,000 after buying an additional 620,551 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock worth $179,944,000 after buying an additional 429,644 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Susquehanna cut their price target on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Piper Sandler raised their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Finally, Barclays increased their price objective 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. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.93.

EPAM Systems Price Performance

NYSE:EPAM opened at $183.34 on Wednesday. The business’s 50-day moving average price is $174.71 and its 200 day moving average price is $195.22. The firm has a market cap of $10.39 billion, a P/E ratio of 25.64, a PEG ratio of 2.40 and a beta of 1.70. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. EPAM Systems’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems 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.