Mariner LLC Purchases 600 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Mariner LLC increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 26.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,848 shares of the information technology services provider’s stock after buying an additional 600 shares during the period. Mariner LLC’s holdings in EPAM Systems were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 54 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its holdings in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after buying an additional 177 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.6 %

NYSE EPAM opened at $159.84 on Wednesday. The stock has a market cap of $9.12 billion, a PE ratio of 20.39, a PEG ratio of 3.38 and a beta of 1.69. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The company’s 50-day moving average price is $172.65 and its 200-day moving average price is $212.97. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

EPAM has been the topic of several research analyst reports. Piper Sandler cut shares of EPAM Systems from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $251.00 to $170.00 in a research note on Wednesday, April 16th. Guggenheim dropped their price target on EPAM Systems from $285.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Susquehanna decreased their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.44.

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.