ProShare Advisors LLC Acquires 998 Shares of EPAM Systems, Inc. (NYSE:EPAM)

ProShare Advisors LLC grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,164 shares of the information technology services provider’s stock after acquiring an additional 998 shares during the quarter. ProShare Advisors LLC’s holdings in EPAM Systems were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Aurora Investment Counsel increased its stake in EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after acquiring an additional 45 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock worth $3,655,000 after acquiring an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 worth $27,000 after acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 69 shares during the last quarter. Finally, Inspire Advisors LLC increased its position in shares of EPAM Systems by 4.3% during the 4th quarter. Inspire Advisors LLC now owns 2,877 shares of the information technology services provider’s stock valued at $673,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM stock opened at $185.87 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock has a fifty day simple moving average of $164.78 and a two-hundred day simple moving average of $210.78.

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 for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.46 EPS. On average, analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Susquehanna cut their target price on EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Scotiabank cut their target price on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 29th. Barclays boosted their target price on EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Finally, Stifel Nicolaus cut their target price on EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Six 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 currently has a consensus rating of “Moderate Buy” and a consensus 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.