Mariner LLC Increases Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Mariner LLC boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 26.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,848 shares of the information technology services provider’s stock after acquiring an additional 600 shares during the quarter. Mariner LLC’s holdings in EPAM Systems were worth $666,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 54 shares during the period. TD Private Client Wealth LLC grew its stake in EPAM Systems by 88.5% in 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 purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc bought a new position in EPAM Systems in the fourth quarter worth about $35,000. Manchester Capital Management LLC lifted its position in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $49,000. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EPAM. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Scotiabank decreased their price objective on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a report on Tuesday. Piper Sandler downgraded EPAM Systems from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $251.00 to $170.00 in a research note on Wednesday, April 16th. Susquehanna decreased their price target 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. Finally, Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $232.44.

EPAM Systems Stock Performance

EPAM opened at $159.84 on Wednesday. The stock has a market cap of $9.12 billion, a P/E ratio of 20.39, a P/E/G ratio of 3.38 and a beta of 1.69. 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 firm has a fifty day moving average price of $172.65 and a 200 day moving average price of $212.97. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current 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.