Cwm LLC Purchases 2,094 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Cwm LLC lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 112.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,951 shares of the information technology services provider’s stock after acquiring an additional 2,094 shares during the quarter. Cwm LLC’s holdings in EPAM Systems were worth $786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Duality Advisers LP lifted its holdings in EPAM Systems by 60.7% during the 1st quarter. Duality Advisers LP now owns 10,754 shares of the information technology services provider’s stock worth $2,970,000 after purchasing an additional 4,061 shares in the last quarter. Diversified Trust Co purchased a new stake in EPAM Systems during the 2nd quarter worth about $734,000. Vanguard Group Inc. lifted its holdings in EPAM Systems by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after purchasing an additional 39,531 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in EPAM Systems during the 2nd quarter worth about $631,000. Finally, Russell Investments Group Ltd. lifted its holdings in EPAM Systems by 62.6% during the 1st quarter. Russell Investments Group Ltd. now owns 46,381 shares of the information technology services provider’s stock worth $12,809,000 after purchasing an additional 17,848 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Jefferies Financial Group raised their price target on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $225.00 price target on shares of EPAM Systems in a report on Tuesday, October 8th. Barclays raised their price target on EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Itau BBA Securities raised EPAM Systems from an “underperform” rating to a “market perform” rating in a report on Friday, August 9th. Ten 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, the company 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 $201.30 on Friday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 4.26 and a beta of 1.45. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The stock’s 50-day moving average is $199.06 and its 200 day moving average is $204.69.

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 return on equity of 14.31% and a net margin of 8.86%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $2.21 EPS. EPAM Systems’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.08 EPS for the current fiscal year.

EPAM Systems declared that its board has initiated a stock repurchase program on Thursday, August 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors 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.