Lombard Odier Asset Management Europe Ltd Invests $941,000 in EPAM Systems, Inc. (NYSE:EPAM)

Lombard Odier Asset Management Europe Ltd purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the information technology services provider’s stock, valued at approximately $941,000.

A number of other large investors have also recently made changes to their positions in EPAM. ORG Partners LLC raised its position in shares of EPAM Systems by 5,000.0% in 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 purchased a new stake in shares of EPAM Systems in the first quarter worth $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of EPAM Systems in the second quarter worth $29,000. Whittier Trust Co. purchased a new stake in shares of EPAM Systems in the first quarter worth $64,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of EPAM Systems in the second quarter worth $69,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EPAM shares. JPMorgan Chase & Co. raised their price target on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Itau BBA Securities upgraded EPAM Systems from an “underperform” rating to a “market perform” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price target on the stock. Finally, 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 research report on Monday, September 9th. Ten equities research 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

EPAM Systems Stock Performance

EPAM Systems stock opened at $198.45 on Tuesday. The stock’s 50 day simple moving average is $203.18 and its two-hundred day simple moving average is $215.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 4.48 and a beta of 1.45. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.19. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $2.21 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts expect that EPAM Systems, Inc. will post 8.06 earnings per share for the current fiscal year.

EPAM Systems announced that its Board of Directors has authorized a share repurchase plan 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 purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management 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.