3,436 Shares in EPAM Systems, Inc. $EPAM Purchased by Davis Investment Partners LLC

Davis Investment Partners LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,436 shares of the information technology services provider’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAM. BlackRock Inc. acquired a new stake in shares of EPAM Systems in the 2nd quarter valued at $526,684,000. Dimensional Fund Advisors LP raised its holdings in shares of EPAM Systems by 25.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after buying an additional 219,388 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of EPAM Systems during the 2nd quarter worth $52,531,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of EPAM Systems by 7.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock worth $47,199,000 after buying an additional 25,152 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of EPAM Systems during the 2nd quarter worth $24,729,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Performance

NYSE EPAM opened at $163.68 on Wednesday. The firm’s fifty day moving average price is $123.61 and its two-hundred day moving average price is $120.84. The stock has a market cap of $8.35 billion, a PE ratio of 20.46, a PEG ratio of 1.63 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.76 and a current ratio of 2.76. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.10. EPAM Systems had a return on equity of 16.76% and a net margin of 7.53%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $3.08 EPS. EPAM Systems’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that EPAM Systems, Inc. will post 10.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EPAM shares. Mizuho set a $130.00 price objective on EPAM Systems in a research note on Monday, August 10th. Wells Fargo & Company boosted their target price on EPAM Systems from $156.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Susquehanna increased their target price on shares of EPAM Systems from $146.00 to $190.00 and gave the stock a “positive” rating in a report on Friday, November 6th. William Blair cut shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Finally, Guggenheim raised their price target on shares of EPAM Systems from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of “Hold” and an average price target of $143.73.

About EPAM Systems

EPAM Systems is a global provider of software engineering, digital transformation and consulting services. The company helps businesses design, build and maintain software products and digital platforms, and offers services in areas such as cloud computing, data and artificial intelligence, and cybersecurity. Founded in 1993 by Arkadiy Dobkin, EPAM has grown from a software development firm into a technology services company serving clients across the Americas, Europe and Asia-Pacific. It works with organizations in industries including financial services, healthcare, retail and technology.