Yousif Capital Management LLC Boosts Position in EPAM Systems, Inc. (NYSE:EPAM)

Yousif Capital Management LLC increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,200 shares of the information technology services provider’s stock after purchasing an additional 97 shares during the period. Yousif Capital Management LLC’s holdings in EPAM Systems were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in shares of EPAM Systems during the 1st quarter valued at about $585,000. Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the 1st quarter valued at about $33,000. NBC Securities Inc. raised its position in 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 valued at $221,000 after acquiring an additional 1,309 shares in the last quarter. Czech National Bank raised its position in 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 valued at $2,199,000 after acquiring an additional 728 shares in the last quarter. Finally, Rhumbline Advisers raised its position in EPAM Systems by 12.1% during the first quarter. Rhumbline Advisers now owns 110,537 shares of the information technology services provider’s stock valued at $18,663,000 after acquiring an additional 11,898 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a report on Friday, May 9th. Susquehanna dropped their target price on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Scotiabank lowered their price objective on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley lowered their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Finally, Barclays raised their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.93.

EPAM Systems Stock Down 2.2%

EPAM Systems stock opened at $168.79 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.06 and a current ratio of 3.06. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The firm’s 50 day moving average price is $167.91 and its two-hundred day moving average price is $202.60. The firm has a market cap of $9.56 billion, a PE ratio of 23.61, a P/E/G ratio of 2.29 and a beta of 1.72.

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, topping the consensus estimate of $2.27 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. EPAM Systems’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 EPS. On average, research analysts predict that EPAM Systems, Inc. will post 8.9 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.