Daiwa Securities Group Inc. Boosts Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Daiwa Securities Group Inc. boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM – Get Rating) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,981 shares of the information technology services provider’s stock after buying an additional 320 shares during the period. Daiwa Securities Group Inc.’s holdings in EPAM Systems were worth $1,442,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Zions Bancorporation N.A. increased its stake in EPAM Systems by 443.8% during the 2nd quarter. Zions Bancorporation N.A. now owns 87 shares of the information technology services provider’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in EPAM Systems by 3,333.3% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 103 shares of the information technology services provider’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of EPAM Systems by 59.7% during the 2nd quarter. Lindbrook Capital LLC now owns 115 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 43 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of EPAM Systems by 78.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 98 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 43 shares during the last quarter. Finally, Clear Street Markets LLC boosted its holdings in shares of EPAM Systems by 430.4% during the 2nd quarter. Clear Street Markets LLC now owns 122 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 99 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 2.7 %

NYSE:EPAM opened at $345.02 on Monday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $340.35 and its two-hundred day moving average is $359.87. EPAM Systems, Inc. has a 52 week low of $168.59 and a 52 week high of $496.40. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 50.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.59.

EPAM Systems (NYSE:EPAM – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The information technology services provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.63. EPAM Systems had a return on equity of 22.12% and a net margin of 8.65%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Research analysts anticipate that EPAM Systems, Inc. will post 9.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. KeyCorp lowered their target price on EPAM Systems from $510.00 to $424.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. Piper Sandler lowered their target price on EPAM Systems from $414.00 to $399.00 and set an “overweight” rating on the stock in a report on Friday, January 6th. Wolfe Research cut EPAM Systems from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 5th. Barclays lowered their target price on EPAM Systems from $485.00 to $400.00 and set an “overweight” rating on the stock in a report on Sunday, November 6th. Finally, JPMorgan Chase & Co. upped their price objective on EPAM Systems from $365.00 to $405.00 in a report on Thursday, December 15th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $417.87.

EPAM Systems Profile

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EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.