National Asset Management Inc. increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 29.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,422 shares of the information technology services provider’s stock after buying an additional 2,584 shares during the period. National Asset Management Inc.’s holdings in EPAM Systems were worth $3,151,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC grew its stake in EPAM Systems by 51.7% in the third quarter. CWM LLC now owns 88 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 30 shares during the period. Newfound Research LLC bought a new position in shares of EPAM Systems in the third quarter worth $40,000. Berman Capital Advisors LLC increased its stake 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 worth $39,000 after acquiring an additional 76 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in EPAM Systems in the third quarter valued at approximately $51,000. Finally, Jacobi Capital Management LLC raised its position in shares of EPAM Systems by 1,454.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 171 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 160 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE EPAM traded up $6.94 during mid-day trading on Tuesday, reaching $329.76. 868 shares of the company’s stock were exchanged, compared to its average volume of 342,388. EPAM Systems, Inc. has a 52-week low of $151.97 and a 52-week high of $356.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.37 and a current ratio of 4.37. The company’s 50-day moving average is $332.85 and its 200-day moving average is $285.14. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 4.30 and a beta of 1.45.
EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 5th. The information technology services provider reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.18. The firm had revenue of $652.20 million for the quarter, compared to analysts’ expectations of $641.55 million. EPAM Systems had a net margin of 11.73% and a return on equity of 18.45%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. As a group, equities analysts predict that EPAM Systems, Inc. will post 4.91 earnings per share for the current fiscal year.
Several research firms recently commented on EPAM. Stifel Nicolaus increased their target price on shares of EPAM Systems from $275.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, August 6th. VTB Capital downgraded EPAM Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $240.00 to $356.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Morgan Stanley upped their price target on EPAM Systems from $390.00 to $392.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Finally, Bank of America raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and set a $364.00 price objective on the stock in a research note on Thursday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. EPAM Systems presently has a consensus rating of “Buy” and an average target price of $294.87.
In other EPAM Systems news, EVP Balazs Fejes sold 3,109 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $322.02, for a total value of $1,001,160.18. Following the completion of the sale, the executive vice president now owns 9,383 shares of the company’s stock, valued at $3,021,513.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald P. Vargo sold 500 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $325.73, for a total transaction of $162,865.00. Following the sale, the director now directly owns 7,596 shares in the company, valued at approximately $2,474,245.08. The disclosure for this sale can be found here. Insiders sold a total of 13,201 shares of company stock worth $4,315,494 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.
EPAM Systems Profile
EPAM Systems, Inc provides digital platform engineering and software development services 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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