Exchange Traded Concepts LLC Has $159,000 Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Exchange Traded Concepts LLC boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 573.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 801 shares of the information technology services provider’s stock after buying an additional 682 shares during the quarter. Exchange Traded Concepts LLC’s holdings in EPAM Systems were worth $159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in EPAM Systems by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after buying an additional 39,531 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of EPAM Systems by 14,325.2% in the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after purchasing an additional 652,515 shares during the last quarter. TD Asset Management Inc grew its position in shares of 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 purchasing an additional 264,570 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of EPAM Systems by 22.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 512,353 shares of the information technology services provider’s stock valued at $139,516,000 after purchasing an additional 94,544 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of EPAM Systems in the second quarter valued at approximately $84,850,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EPAM. Piper Sandler reaffirmed an “overweight” rating and issued a $225.00 target price on shares of EPAM Systems in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price on the stock. Itau BBA Securities raised EPAM Systems from an “underperform” rating to a “market perform” rating in a research report on Friday, August 9th. Barclays upped their target price on EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Susquehanna decreased their target price on EPAM Systems from $260.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, August 9th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.32.

EPAM Systems Stock Down 0.8 %

NYSE EPAM opened at $200.00 on Tuesday. The business has a fifty day moving average price of $199.28 and a two-hundred day moving average price of $203.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.84. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The stock has a market capitalization of $11.59 billion, a PE ratio of 27.36, a PEG ratio of 4.26 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share 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 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 earned $2.21 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts expect that EPAM Systems, Inc. will post 8.08 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a share buyback plan on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board 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.