Epoch Investment Partners Inc. Buys 32,327 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Epoch Investment Partners Inc. grew its stake in EPAM Systems, Inc. (NYSE:EPAM) by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,324 shares of the information technology services provider’s stock after acquiring an additional 32,327 shares during the quarter. Epoch Investment Partners Inc. owned 0.30% of EPAM Systems worth $47,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors increased its position in shares of EPAM Systems by 0.7% during the fourth quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider’s stock valued at $2,289,207,000 after acquiring an additional 51,228 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of EPAM Systems by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after purchasing an additional 39,531 shares in the last quarter. Norges Bank bought a new stake in shares of EPAM Systems in the 4th quarter worth $184,713,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of EPAM Systems by 22.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 512,353 shares of the information technology services provider’s stock worth $139,516,000 after purchasing an additional 94,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of EPAM Systems by 372.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock valued at $141,627,000 after purchasing an additional 375,439 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $3.91 during midday trading on Friday, reaching $211.05. The stock had a trading volume of 318,277 shares, compared to its average volume of 600,728. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 4.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.68. The stock has a 50-day moving average of $186.91 and a 200-day moving average of $243.54. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. As a group, research analysts anticipate that EPAM Systems, Inc. will post 7.81 EPS for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their target price on EPAM Systems from $350.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Scotiabank cut shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $300.00 to $245.00 in a report on Friday, May 10th. Wedbush restated an “outperform” rating and issued a $340.00 target price on shares of EPAM Systems in a report on Wednesday, April 10th. Redburn Atlantic assumed coverage on shares of EPAM Systems in a research note on Friday, May 24th. They set a “neutral” rating and a $195.00 target price for the company. Finally, The Goldman Sachs Group started coverage on EPAM Systems in a report on Monday, June 24th. They set a “neutral” rating and a $200.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.28.

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.