Gilder Gagnon Howe & Co. LLC lessened its holdings in shares of EPAM Systems Inc (NYSE:EPAM) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 375,094 shares of the information technology services provider’s stock after selling 16,574 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in EPAM Systems were worth $94,527,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp grew its holdings in EPAM Systems by 833.3% during the first quarter. Fifth Third Bancorp now owns 140 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. BDO Wealth Advisors LLC acquired a new stake in EPAM Systems in the 1st quarter valued at approximately $27,000. Berman Capital Advisors LLC increased its position in EPAM Systems by 92.7% in the 2nd quarter. Berman Capital Advisors LLC now owns 158 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 76 shares during the period. Jacobi Capital Management LLC increased its position in EPAM Systems by 1,454.5% in the 2nd quarter. Jacobi Capital Management LLC now owns 171 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 160 shares during the period. Finally, Key Financial Inc acquired a new stake in EPAM Systems in the 1st quarter valued at approximately $36,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Sergey Yezhkov sold 3,250 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $327.59, for a total transaction of $1,064,667.50. Also, CFO Jason D. Peterson sold 3,342 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $330.88, for a total transaction of $1,105,800.96. Insiders own 4.80% of the company’s stock.
A number of equities analysts recently issued reports on the company. Needham & Company LLC lifted their target price on EPAM Systems from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Citigroup lifted their price objective on EPAM Systems from $265.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Stifel Nicolaus raised their target price on EPAM Systems from $275.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, August 6th. VTB Capital lowered EPAM Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on EPAM Systems from $240.00 to $356.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $279.93.
EPAM Systems stock traded down $8.20 during mid-day trading on Friday, reaching $316.30. The company had a trading volume of 409,357 shares, compared to its average volume of 284,060. The company has a market cap of $17.67 billion, a P/E ratio of 61.30, a P/E/G ratio of 4.13 and a beta of 1.37. The business has a fifty day simple moving average of $298.24 and a 200 day simple moving average of $238.66. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.12. EPAM Systems Inc has a fifty-two week low of $151.97 and a fifty-two week high of $338.91.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.49. EPAM Systems had a net margin of 11.73% and a return on equity of 18.45%. The business had revenue of $632.40 million during the quarter, compared to the consensus estimate of $596.71 million. During the same quarter last year, the firm earned $1.28 earnings per share. EPAM Systems’s quarterly revenue was up 14.6% on a year-over-year basis. Research analysts forecast that EPAM Systems Inc will post 4.91 EPS for the current year.
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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