Nisa Investment Advisors LLC Boosts Stake in EPAM Systems, Inc. (NYSE:EPAM)

Nisa Investment Advisors LLC raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 119.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,975 shares of the information technology services provider’s stock after buying an additional 1,074 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EPAM Systems were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock worth $30,000 after buying an additional 125 shares in the last quarter. Sentry Investment Management LLC bought a new stake in EPAM Systems during the first quarter worth about $33,000. TD Private Client Wealth LLC lifted its stake in EPAM Systems by 88.5% during the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 69 shares during the last quarter. Finally, CX Institutional bought a new stake in EPAM Systems during the first quarter worth about $42,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 2.3%

Shares of NYSE:EPAM opened at $166.83 on Thursday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a market cap of $9.45 billion, a PE ratio of 23.33, a P/E/G ratio of 2.18 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. The stock’s 50-day moving average is $176.22 and its 200 day moving average is $192.63.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $2.46 EPS. EPAM Systems’s revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EPAM. Guggenheim lifted their price target on EPAM Systems from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Piper Sandler lifted their price target on EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Morgan Stanley dropped their price target on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Finally, Scotiabank dropped their price target on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and an average target price of $233.93.

EPAM Systems Company Profile

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.