Raiffeisen Bank International AG Acquires Shares of 2,760 EPAM Systems, Inc. (NYSE:EPAM)

Raiffeisen Bank International AG bought a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,760 shares of the information technology services provider’s stock, valued at approximately $648,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of EPAM Systems by 12.2% in the third quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock worth $25,602,000 after acquiring an additional 13,981 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of EPAM Systems by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider’s stock valued at $14,066,000 after acquiring an additional 848 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of EPAM Systems in the 4th quarter valued at $245,000. Oak Ridge Investments LLC boosted its holdings in shares of EPAM Systems by 4.6% during the 4th quarter. Oak Ridge Investments LLC now owns 14,113 shares of the information technology services provider’s stock valued at $3,300,000 after acquiring an additional 621 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in EPAM Systems by 90.3% in the 4th quarter. Perpetual Ltd now owns 2,605 shares of the information technology services provider’s stock worth $609,000 after purchasing an additional 1,236 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.6%

Shares of EPAM Systems stock opened at $183.54 on Friday. The stock has a market capitalization of $10.47 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The stock has a 50 day moving average price of $164.77 and a two-hundred day moving average price of $210.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.

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 analysts’ consensus estimates of $2.27 by $0.14. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. EPAM Systems’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.46 EPS. As a group, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAM has been the subject of several recent research reports. Susquehanna lowered their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. Guggenheim raised their target price on EPAM Systems from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Barclays lifted their target price on EPAM Systems from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Jefferies Financial Group decreased their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Morgan Stanley cut their price objective on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, May 9th. Six 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $231.50.

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.