Quadrature Capital Ltd Buys Shares of 3,709 EPAM Systems, Inc. (NYSE:EPAM)

Quadrature Capital Ltd purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,709 shares of the information technology services provider’s stock, valued at approximately $1,023,000.

Several other institutional investors have also made changes to their positions in EPAM. Flossbach Von Storch AG lifted its stake in EPAM Systems by 46.7% in the fourth quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock valued at $3,271,000 after acquiring an additional 3,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EPAM Systems by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 394,211 shares of the information technology services provider’s stock valued at $117,215,000 after purchasing an additional 17,609 shares in the last quarter. Versor Investments LP acquired a new stake in shares of EPAM Systems in the 4th quarter valued at $357,000. Price T Rowe Associates Inc. MD boosted its holdings in EPAM Systems by 372.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock worth $141,627,000 after purchasing an additional 375,439 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in EPAM Systems during the fourth quarter worth $285,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

EPAM Systems stock traded up $3.91 on Friday, hitting $211.05. The company’s stock had a trading volume of 318,277 shares, compared to its average volume of 600,728. The company has a fifty day moving average price of $186.91 and a 200-day moving average price of $243.54. The firm has a market cap of $12.23 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 4.88 and a beta of 1.45. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. On average, equities analysts anticipate that EPAM Systems, Inc. will post 7.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EPAM. Redburn Atlantic assumed coverage on EPAM Systems in a research report on Friday, May 24th. They issued a “neutral” rating and a $195.00 price target for the company. Piper Sandler decreased their target price on EPAM Systems from $252.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, June 13th. TD Cowen dropped their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. Wolfe Research downgraded shares of EPAM Systems from an “outperform” rating to a “peer perform” rating in a report on Friday, May 17th. Finally, Citigroup lowered their target price on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $270.28.

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.