EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 518.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,950 shares of the information technology services provider’s stock after buying an additional 5,827 shares during the quarter. SG Americas Securities LLC’s holdings in EPAM Systems were worth $1,173,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Yousif Capital Management LLC increased its position in shares of EPAM Systems by 1.4% during the first quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider’s stock worth $1,216,000 after purchasing an additional 97 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of EPAM Systems during the first quarter worth approximately $585,000. Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems during the first quarter worth approximately $33,000. NBC Securities Inc. increased its position in shares of EPAM Systems by 130,900.0% during the first quarter. NBC Securities Inc. now owns 1,310 shares of the information technology services provider’s stock worth $221,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Czech National Bank increased its position in shares of EPAM Systems by 5.9% during the first quarter. Czech National Bank now owns 13,027 shares of the information technology services provider’s stock worth $2,199,000 after purchasing an additional 728 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $172.38 on Tuesday. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The business’s fifty day simple moving average is $167.72 and its 200-day simple moving average is $202.84. The firm has a market cap of $9.77 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.72. 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 (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $2.46 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EPAM. Susquehanna dropped their price target on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Barclays boosted their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Piper Sandler upped their target price on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Morgan Stanley dropped their target price on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, May 9th. Finally, Needham & Company LLC upped their target price on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $233.93.

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.