EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Increased by Bayesian Capital Management LP

by · The Markets Daily

Bayesian Capital Management LP lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,266 shares of the information technology services provider’s stock after purchasing an additional 500 shares during the quarter. Bayesian Capital Management LP’s holdings in EPAM Systems were worth $1,231,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. grew its position in EPAM Systems by 35.8% in the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider’s stock valued at $4,816,000 after buying an additional 5,435 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of EPAM Systems in the 4th quarter worth approximately $1,889,000. DnB Asset Management AS boosted its holdings in shares of EPAM Systems by 26.4% in the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider’s stock valued at $2,629,000 after acquiring an additional 2,349 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of EPAM Systems during the fourth quarter valued at approximately $245,000. Finally, Barclays PLC raised its holdings in EPAM Systems by 12.2% during the third quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock worth $25,602,000 after purchasing an additional 13,981 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Up 1.2 %

Shares of NYSE:EPAM opened at $160.36 on Monday. The firm has a fifty day moving average of $169.62 and a two-hundred day moving average of $212.23. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a market capitalization of $9.15 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71.

EPAM Systems (NYSE:EPAM – Get Free Report) last posted its 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). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank lowered their price target on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 29th. Guggenheim lowered their target price on EPAM Systems from $285.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Susquehanna lowered their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. Finally, Piper Sandler lowered shares of EPAM Systems from an “overweight” rating to a “neutral” rating and cut their target price for the company from $251.00 to $170.00 in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $232.88.

View Our Latest Stock Report on EPAM

EPAM Systems 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.

Further Reading

Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems, Inc. (NYSE:EPAM – Free Report).