EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,772 shares of the information technology services provider’s stock after selling 685 shares during the quarter. Blair William & Co. IL’s holdings in EPAM Systems were worth $2,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPAM. Manning & Napier Advisors LLC purchased a new position in EPAM Systems in the 2nd quarter worth about $84,850,000. Price T Rowe Associates Inc. MD increased its position in shares of EPAM Systems by 372.2% in 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 acquiring an additional 375,439 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of EPAM Systems by 80.0% during 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 acquiring an additional 264,570 shares during the period. Acadian Asset Management LLC lifted its position in shares of EPAM Systems by 47,294.2% in the 2nd 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 in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in EPAM Systems by 250.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 138,997 shares of the information technology services provider’s stock worth $41,329,000 after purchasing an additional 99,320 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price for the company. Piper Sandler restated an “overweight” rating and set a $225.00 price objective on shares of EPAM Systems in a research report on Wednesday, September 4th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Itau BBA Securities raised shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on shares of EPAM Systems in a research report on Monday, June 24th. They set a “neutral” rating and a $200.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.32.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $197.00 on Monday. The business’s 50-day simple moving average is $203.20 and its 200-day simple moving average is $216.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 4.48 and a beta of 1.45.

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

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

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