EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 71.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337 shares of the information technology services provider’s stock after selling 864 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in EPAM Systems were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Norges Bank purchased a new position in shares of EPAM Systems during the fourth quarter worth about $184,713,000. Manning & Napier Advisors LLC acquired a new position in EPAM Systems during the second quarter worth approximately $84,850,000. Price T Rowe Associates Inc. MD increased its position in EPAM Systems by 372.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock worth $141,627,000 after buying an additional 375,439 shares during the period. TD Asset Management Inc lifted its stake in EPAM Systems by 80.0% in the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock valued at $112,017,000 after buying an additional 264,570 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of EPAM Systems by 47,294.2% in the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock valued at $35,560,000 after acquiring an additional 188,704 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. The Goldman Sachs Group began coverage on shares of EPAM Systems in a research note on Monday, June 24th. They issued a “neutral” rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Redburn Atlantic assumed coverage on EPAM Systems in a research report on Friday, May 24th. They issued a “neutral” rating and a $195.00 price target on the stock. Finally, Barclays upped their price objective on EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

EPAM Systems Stock Up 0.1 %

Shares of NYSE EPAM opened at $198.15 on Friday. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 4.48 and a beta of 1.45. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The firm has a 50-day moving average price of $202.95 and a 200 day moving average price of $218.69. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.19. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.06 EPS for the current fiscal year.

EPAM Systems announced that its Board of Directors has approved a share buyback plan on Thursday, August 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

EPAM Systems 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, performance tuning, deployment, maintenance, and support services.