Southpoint Capital Advisors LP Raises Stake in EPAM Systems, Inc. (NYSE:EPAM)

Southpoint Capital Advisors LP boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 150.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 200,000 shares of the information technology services provider’s stock after purchasing an additional 120,000 shares during the period. EPAM Systems makes up 1.4% of Southpoint Capital Advisors LP’s investment portfolio, making the stock its 23rd largest holding. Southpoint Capital Advisors LP owned about 0.35% of EPAM Systems worth $59,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EPAM. Optimum Investment Advisors purchased a new stake in shares of EPAM Systems in the first quarter valued at about $30,000. Clear Street Markets LLC boosted its holdings in EPAM Systems by 93.1% during the first quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Financial Freedom LLC purchased a new stake in EPAM Systems during the fourth quarter worth about $34,000. Global Retirement Partners LLC boosted its holdings in EPAM Systems by 147.3% during the first quarter. Global Retirement Partners LLC now owns 136 shares of the information technology services provider’s stock worth $37,000 after buying an additional 81 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in EPAM Systems during the first quarter worth about $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Eugene Roman sold 1,552 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $237.44, for a total transaction of $368,506.88. Following the transaction, the director now owns 982 shares of the company’s stock, valued at $233,166.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of EPAM Systems from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Susquehanna dropped their price target on shares of EPAM Systems from $350.00 to $300.00 in a research report on Friday, June 9th. Citigroup increased their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. StockNews.com began coverage on shares of EPAM Systems in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Barclays upped their target price on shares of EPAM Systems from $250.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $308.79.

EPAM Systems Trading Up 1.0 %

Shares of EPAM traded up $2.65 during midday trading on Monday, hitting $268.00. The stock had a trading volume of 285,931 shares, compared to its average volume of 533,192. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $439.34. The business has a 50-day simple moving average of $242.39 and a two-hundred day simple moving average of $256.30. The firm has a market cap of $15.53 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 6.94 and a beta of 1.47. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.88 by $0.33. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. EPAM Systems had a net margin of 11.02% and a return on equity of 18.60%. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.07 EPS 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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.