Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of EPAM Systems Inc (NYSE:EPAM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,800 shares of the information technology services provider’s stock, valued at approximately $3,428,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of EPAM Systems by 69.8% during the third quarter. Signaturefd LLC now owns 163 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of EPAM Systems during the second quarter valued at about $31,000. Shamrock Asset Management LLC bought a new position in shares of EPAM Systems during the second quarter valued at about $31,000. Flagship Harbor Advisors LLC grew its stake in shares of EPAM Systems by 337.0% during the second quarter. Flagship Harbor Advisors LLC now owns 201 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 155 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of EPAM Systems by 49.0% during the second quarter. Captrust Financial Advisors now owns 228 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
NYSE EPAM opened at $178.41 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.72 and a quick ratio of 4.72. The stock has a market capitalization of $9.72 billion, a PE ratio of 45.63, a PEG ratio of 2.03 and a beta of 1.45. EPAM Systems Inc has a 1 year low of $104.77 and a 1 year high of $201.00. The business’s 50-day moving average is $182.61 and its 200 day moving average is $181.47.
EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 8th. The information technology services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.08. The company had revenue of $551.60 million for the quarter, compared to analysts’ expectations of $549.84 million. EPAM Systems had a return on equity of 18.90% and a net margin of 11.98%. EPAM Systems’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. As a group, equities research analysts anticipate that EPAM Systems Inc will post 4.37 earnings per share for the current year.
In other EPAM Systems news, CFO Jason D. Peterson sold 3,469 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $186.92, for a total value of $648,425.48. Following the completion of the sale, the chief financial officer now directly owns 15,473 shares in the company, valued at $2,892,213.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Elaina Shekhter sold 2,800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $195.00, for a total transaction of $546,000.00. Following the completion of the sale, the chief marketing officer now owns 10,459 shares of the company’s stock, valued at $2,039,505. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.
A number of research analysts have recently issued reports on the company. ValuEngine cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald raised their target price on EPAM Systems from $187.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $199.00 target price on the stock in a research note on Wednesday, August 14th. Barclays began coverage on EPAM Systems in a research note on Friday, September 20th. They issued an “overweight” rating and a $214.00 target price on the stock. Finally, Cowen raised their target price on EPAM Systems from $180.00 to $210.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. EPAM Systems presently has a consensus rating of “Buy” and a consensus target price of $182.78.
EPAM Systems Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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 mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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