Mount Yale Investment Advisors LLC Sells 1,160 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Mount Yale Investment Advisors LLC reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 24.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,665 shares of the information technology services provider’s stock after selling 1,160 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in EPAM Systems were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Equitable Trust Co. boosted its holdings in shares of EPAM Systems by 0.8% in the 1st quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock valued at $1,641,000 after acquiring an additional 46 shares during the last quarter. Czech National Bank lifted its stake in EPAM Systems by 0.5% during the first quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock worth $2,804,000 after purchasing an additional 46 shares in the last quarter. Meridian Management Co. boosted its holdings in EPAM Systems by 0.6% during the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock valued at $2,372,000 after acquiring an additional 48 shares during the period. Retirement Systems of Alabama raised its holdings in EPAM Systems by 0.4% in the second quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after acquiring an additional 52 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in shares of EPAM Systems by 5.2% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock worth $310,000 after purchasing an additional 56 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EPAM. JPMorgan Chase & Co. lifted their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Susquehanna lowered their price target on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a report on Friday, August 9th. Jefferies Financial Group raised their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Itau BBA Securities upgraded shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price target for the company. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.32.

EPAM Systems Stock Performance

Shares of EPAM opened at $198.45 on Tuesday. The stock has a market capitalization of $11.50 billion, a P/E ratio of 27.15, a P/E/G ratio of 4.48 and a beta of 1.45. 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 1 year low of $169.43 and a 1 year high of $317.50. The company’s fifty day moving average is $203.18 and its two-hundred day moving average is $215.68.

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, topping the consensus estimate of $2.26 by $0.19. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted $2.21 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.06 earnings per share for the current year.

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