EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,703 shares of the information technology services provider’s stock after buying an additional 2,559 shares during the quarter. Lazard Asset Management LLC’s holdings in EPAM Systems were worth $5,775,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EPAM. EverSource Wealth Advisors LLC boosted its stake in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of 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 valued at $30,000 after acquiring an additional 125 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of 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 valued at $34,000 after acquiring an additional 69 shares during the period. Manchester Capital Management LLC increased its holdings in 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 valued at $48,000 after purchasing an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in EPAM Systems in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna lowered their price target 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 decreased their price target on shares of 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. Guggenheim raised their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 9th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Finally, Needham & Company LLC raised their price target on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a report on Friday, May 9th. Seven equities research 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.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.50.

EPAM Systems Stock Performance

NYSE:EPAM opened at $184.65 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The business has a 50 day moving average of $164.93 and a 200 day moving average of $210.76. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.