Czech National Bank Buys 551 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Czech National Bank raised its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,598 shares of the information technology services provider’s stock after buying an additional 551 shares during the period. Czech National Bank’s holdings in EPAM Systems were worth $2,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Partners LLC grew its position in EPAM Systems by 5,000.0% during the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after buying an additional 150 shares in the last quarter. Riverview Trust Co acquired a new stake in EPAM Systems during the first quarter worth approximately $29,000. Opal Wealth Advisors LLC acquired a new stake in EPAM Systems during the second quarter worth approximately $29,000. Whittier Trust Co. acquired a new stake in EPAM Systems during the first quarter worth approximately $64,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in EPAM Systems during the second quarter worth approximately $69,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 2.7 %

Shares of NYSE:EPAM opened at $192.99 on Tuesday. The firm has a market cap of $11.19 billion, a P/E ratio of 26.40, a P/E/G ratio of 4.36 and a beta of 1.45. 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, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The business has a fifty day simple moving average of $200.69 and a 200 day simple moving average of $208.52.

EPAM Systems (NYSE:EPAM) last announced its 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. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. EPAM Systems’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.21 EPS. Analysts predict that EPAM Systems, Inc. will post 8.07 earnings per share for the current year.

EPAM Systems declared that its Board of Directors has initiated a stock buyback program on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

EPAM has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $225.00 target price on shares of EPAM Systems in a report on Wednesday, September 4th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday. Finally, Itau BBA Securities raised EPAM Systems from an “underperform” rating to a “market perform” rating in a report on Friday, August 9th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems presently has a consensus rating of “Hold” and a consensus target price of $258.32.

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.