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

Quadrature Capital Ltd bought a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 3,709 shares of the information technology services provider’s stock, valued at approximately $1,023,000.

A number of other institutional investors have also recently made changes to their positions in the company. Flossbach Von Storch AG increased its holdings in EPAM Systems by 46.7% in the 4th quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock worth $3,271,000 after acquiring an additional 3,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EPAM Systems by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 394,211 shares of the information technology services provider’s stock worth $117,215,000 after purchasing an additional 17,609 shares in the last quarter. Versor Investments LP purchased a new position in shares of EPAM Systems in the fourth quarter worth about $357,000. Price T Rowe Associates Inc. MD lifted its stake in shares of EPAM Systems by 372.2% during the 4th 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 buying an additional 375,439 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in EPAM Systems in the 4th quarter worth approximately $285,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of a number of analyst reports. Redburn Atlantic initiated coverage on shares of EPAM Systems in a report on Friday, May 24th. They set a “neutral” rating and a $195.00 target price on the stock. Jefferies Financial Group raised EPAM Systems from a “hold” rating to a “buy” rating and increased their price objective for the stock from $202.00 to $237.00 in a report on Tuesday, July 16th. Wedbush reaffirmed an “outperform” rating and set a $340.00 target price on shares of EPAM Systems in a report on Wednesday, April 10th. The Goldman Sachs Group began coverage on shares of EPAM Systems in a report on Monday, June 24th. They issued a “neutral” rating and a $200.00 price target on the stock. Finally, Citigroup reduced their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.28.

EPAM Systems Price Performance

Shares of 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 current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. 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’s 50-day moving average is $186.91 and its 200 day moving average is $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, topping the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. On average, equities analysts predict that EPAM Systems, Inc. will post 7.81 EPS for the current fiscal year.

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.