Seven Eight Capital LP Purchases 7,147 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Seven Eight Capital LP increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 311.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,445 shares of the information technology services provider’s stock after acquiring an additional 7,147 shares during the period. Seven Eight Capital LP’s holdings in EPAM Systems were worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Research Global Investors grew its stake in EPAM Systems by 0.7% in the 4th quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider’s stock worth $2,289,207,000 after buying an additional 51,228 shares in the last quarter. Vanguard Group Inc. grew its stake in EPAM Systems by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after buying an additional 39,531 shares in the last quarter. Norges Bank purchased a new position in EPAM Systems in the 4th quarter worth approximately $184,713,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in EPAM Systems by 22.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 512,353 shares of the information technology services provider’s stock worth $139,516,000 after buying an additional 94,544 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of EPAM Systems by 372.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock valued at $141,627,000 after purchasing an additional 375,439 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 2.3 %

NYSE EPAM traded down $4.78 during trading on Tuesday, hitting $207.32. The company had a trading volume of 399,919 shares, compared to its average volume of 644,170. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 4.83 and a beta of 1.45. The company’s fifty day moving average is $185.80 and its 200-day moving average is $245.06.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. On average, sell-side analysts predict that EPAM Systems, Inc. will post 7.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research reports. Mizuho cut their price objective on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. Barclays upped their price objective on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday. Morgan Stanley raised shares of EPAM Systems from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $236.00 to $225.00 in a research note on Friday, April 26th. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of EPAM Systems in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group raised shares of EPAM Systems from a “hold” rating to a “buy” rating and upped their price objective for the company from $202.00 to $237.00 in a research note on Tuesday, July 16th. Nine research analysts have rated the stock with a hold rating and ten 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 an average target price of $270.28.

EPAM Systems 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.