Robeco Institutional Asset Management BV reduced its stake in the shares of EPAM Systems, Inc. (NYSE: EPAM – Get a rating) by 20.9% during the 1st quarter, according to its last filing with the SEC. The company held 60,834 shares of the IT services provider after selling 16,108 shares during the period. Robeco Institutional Asset Management BV held approximately 0.11% of EPAM Systems worth US$18,044,000 when last filed with the SEC.
Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Lindbrook Capital LLC increased its stake in EPAM Systems by 70.8% in the 4th quarter. Lindbrook Capital LLC now owns 123 shares of the information technology service provider worth $82,000 after acquiring 51 additional shares last quarter. Royal London Asset Management Ltd. increased its position in EPAM Systems shares by 6.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 16,625 shares of the information technology service provider valued at $11,123,000 after acquiring an additional 1,055 shares in the last quarter. CAPROCK Group Inc. increased its position in EPAM Systems shares by 13.9% during the 4th quarter. CAPROCK Group Inc. now owns 1,111 shares of the information technology service provider valued at $743,000 after acquiring 136 additional shares in the last quarter. Veriti Management LLC increased its position in EPAM Systems shares by 73.4% during the 4th quarter. Veriti Management LLC now owns 1,725 shares of the information technology service provider valued at $1,153,000 after acquiring an additional 730 shares in the last quarter. Finally, Bristlecone Advisors LLC increased its position in EPAM Systems by 2.3% in the fourth quarter. Bristlecone Advisors LLC now owns 981 shares of the information technology service provider worth $656,000 after buying 22 more shares in the last quarter. Institutional investors and hedge funds own 95.24% of the company’s shares.
In other news, CMO Elaina Shekhter sold 100 shares of the company in a trade on Tuesday, June 7. The stock was sold at an average price of $347.10, for a total value of $34,710.00. As a result of the transaction, the chief marketing officer now owns 7,671 shares of the company, valued at approximately $2,662,604.10. The sale was disclosed in a filing with the SEC, accessible via the SEC website. Additionally, Chief Financial Officer Jason D. Peterson sold 400 shares of the company in a trade on Friday, May 20. The shares were sold at an average price of $335.00, for a total value of $134,000.00. Following the completion of the transaction, the CFO now directly owns 11,762 shares of the company, valued at approximately $3,940,270. Disclosure of this sale can be found here. Insiders have sold 1,500 shares of the company worth $493,710 in the past three months. 4.10% of the shares are currently held by company insiders.
EPAM has been the subject of a number of recent analyst reports. StockNews.com began covering EPAM systems in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Bank of America upgraded EPAM Systems from a “neutral” rating to a “buy” rating and raised its target price for the company from $312.00 to $400.00 in a Friday, May 6 research note. Barclays raised its price target on EPAM Systems from $350.00 to $410.00 in a Monday May 9 research note. Susquehanna upgraded EPAM Systems from a “neutral” rating to a “positive” rating and lowered its price target for the stock from $490.00 to $370.00 in a Monday, May 16 report. Finally, Wedbush raised its price target on EPAM Systems from $380.00 to $400.00 and gave the stock an “outperform” rating in a Monday, June 6 report. One investment analyst gave the stock a hold rating and fourteen gave the company’s stock a buy rating. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $431.38.
NYSE EPAM opened at $321.02 on Monday. The stock’s fifty-day moving average is $314.66 and its two-hundred-day moving average is $362.01. The company has a market cap of $18.35 billion, a P/E ratio of 41.10, a price-to-earnings growth ratio of 2.56, and a beta of 1.76. The company has a debt ratio of 0.01, a quick ratio of 3.32 and a current ratio of 3.32. EPAM Systems, Inc. has a fifty-two week low of $168.59 and a fifty-two week high of $725.40.
EPAM systems (NYSE: EPAM – Get a rating) last released its quarterly earnings data on Thursday, May 5. The information technology service provider reported earnings per share of $2.39 for the quarter, beating analysts’ consensus estimate of $1.57 by $0.82. The company posted revenue of $1.17 billion for the quarter, versus analyst estimates of $1.06 billion. EPAM Systems achieved a return on equity of 21.92% and a net margin of 11.14%. The company’s revenue for the quarter increased by 50.1% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $1.63. As a group, sell-side analysts expect EPAM Systems, Inc. to post EPS of 7.3 for the current year.
Profile of EPAM systems (Get a rating)
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 developing, testing, and maintaining software with private, public, and mobile infrastructure for managing applications, databases, networks, servers, storage, and system operations , as well as monitoring, incident notification and resolution services; and maintenance and support services.
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