New York State Common Retirement Fund lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,310 shares of the information technology services provider’s stock after purchasing an additional 842 shares during the period. New York State Common Retirement Fund owned 0.14% of EPAM Systems worth $27,304,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in EPAM. Brighton Jones LLC raised its stake in EPAM Systems by 3.6% in the 3rd quarter. Brighton Jones LLC now owns 942 shares of the information technology services provider’s stock valued at $341,000 after acquiring an additional 33 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in EPAM Systems by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,437 shares of the information technology services provider’s stock valued at $1,454,000 after acquiring an additional 36 shares during the period. Utah Retirement Systems raised its stake in EPAM Systems by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 9,827 shares of the information technology services provider’s stock valued at $3,559,000 after acquiring an additional 39 shares during the period. Connable Office Inc. raised its stake in EPAM Systems by 1.3% in the 4th quarter. Connable Office Inc. now owns 3,054 shares of the information technology services provider’s stock valued at $1,001,000 after acquiring an additional 39 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in EPAM Systems by 78.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 98 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 43 shares during the period. Institutional investors own 92.29% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on EPAM shares. Barclays dropped their price target on EPAM Systems from $400.00 to $380.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 21st. Cowen lowered EPAM Systems from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $390.00 to $370.00 in a report on Friday, February 17th. Cowen lowered EPAM Systems from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $390.00 to $370.00 in a report on Friday, February 17th. Needham & Company LLC upped their price objective on EPAM Systems from $400.00 to $415.00 and gave the company a “buy” rating in a report on Friday, February 17th. Finally, Wolfe Research lowered EPAM Systems from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $403.08.
EPAM Systems Stock Performance
EPAM Systems Profile
EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.
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