Tudor Investment Corp ET AL Sells 105,418 Shares of EPAM Systems, Inc. (NYSE:EPAM)

by · The Cerbat Gem

Tudor Investment Corp ET AL lowered its stake in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 52.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,531 shares of the information technology services provider’s stock after selling 105,418 shares during the quarter. Tudor Investment Corp ET AL’s holdings in EPAM Systems were worth $22,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC increased its holdings in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 125 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of EPAM Systems during the 4th quarter valued at $35,000. Finally, Manchester Capital Management LLC lifted its stake in shares of EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 177 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 0.7 %

Shares of EPAM stock opened at $159.20 on Monday. The company has a market cap of $9.09 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The stock’s 50 day simple moving average is $175.93 and its two-hundred day simple moving average is $213.59. 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 – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of analyst reports. Scotiabank cut their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. Morgan Stanley increased their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays lowered their price target on EPAM Systems from $270.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Finally, 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 report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.56.

View Our Latest Research Report on EPAM Systems

EPAM Systems Company Profile

(Free Report)

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.

See Also

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