Transatlantique Private Wealth LLC Boosts Stake in EPAM Systems, Inc. (NYSE:EPAM)

Transatlantique Private Wealth LLC raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 49.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,291 shares of the information technology services provider’s stock after buying an additional 1,758 shares during the period. Transatlantique Private Wealth LLC’s holdings in EPAM Systems were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Principal Securities Inc. bought a new position in shares of EPAM Systems in the fourth quarter worth about $43,000. Dimensional Fund Advisors LP increased its position in shares of EPAM Systems by 16.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 249,569 shares of the information technology services provider’s stock worth $74,210,000 after acquiring an additional 35,568 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $658,000. Brown Advisory Inc. boosted its holdings in shares of EPAM Systems by 290.3% in the fourth quarter. Brown Advisory Inc. now owns 3,275 shares of the information technology services provider’s stock valued at $974,000 after purchasing an additional 2,436 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in EPAM Systems by 57.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,250 shares of the information technology services provider’s stock worth $372,000 after purchasing an additional 454 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on EPAM Systems in a research report on Monday, June 24th. They set a “neutral” rating and a $200.00 price target on the stock. Barclays increased their target price on shares of EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Redburn Atlantic initiated coverage on shares of EPAM Systems in a research report on Friday, May 24th. They set a “neutral” rating and a $195.00 target price on the stock. Deutsche Bank Aktiengesellschaft started 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. Finally, Jefferies Financial Group lifted their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

EPAM Systems Stock Down 0.5 %

EPAM stock opened at $197.00 on Friday. The stock has a market capitalization of $11.42 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 4.48 and a beta of 1.45. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $203.20 and a 200 day moving average of $217.78.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts forecast 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 buyback program on Thursday, August 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is 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.