Janus Henderson Group PLC trimmed its position in EPAM Systems, Inc. (NYSE:EPAM) by 40.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,900 shares of the information technology services provider’s stock after selling 200,132 shares during the period. Janus Henderson Group PLC owned approximately 0.57% of EPAM Systems worth $25,217,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Macquarie Group Ltd. bought a new stake in EPAM Systems in the 2nd quarter valued at about $27,404,000. Fred Alger Management Inc. increased its position in EPAM Systems by 9.2% in the 2nd quarter. Fred Alger Management Inc. now owns 323,134 shares of the information technology services provider’s stock valued at $27,172,000 after buying an additional 27,298 shares in the last quarter. AHL Partners LLP bought a new stake in EPAM Systems in the 2nd quarter valued at about $1,766,000. Goldman Sachs Group Inc. increased its position in EPAM Systems by 58.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 148,955 shares of the information technology services provider’s stock valued at $12,526,000 after buying an additional 54,713 shares in the last quarter. Finally, Clinton Group Inc. bought a new stake in EPAM Systems in the 2nd quarter valued at about $216,000. 87.86% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $91.09, for a total transaction of $1,366,350.00. Following the transaction, the chief executive officer now owns 2,010,851 shares in the company, valued at approximately $183,168,417.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,000 shares of company stock valued at $22,992,195. 6.17% of the stock is currently owned by insiders.
A number of brokerages recently commented on EPAM. Berenberg Bank set a $95.00 target price on EPAM Systems and gave the company a “buy” rating in a research report on Sunday, August 6th. Barclays PLC decreased their price objective on EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, August 4th. BidaskClub raised EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, September 8th. KeyCorp reissued a “buy” rating on shares of EPAM Systems in a report on Friday, October 20th. Finally, Jefferies Group LLC set a $95.00 price objective on EPAM Systems and gave the stock a “buy” rating in a report on Thursday, August 17th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. EPAM Systems currently has a consensus rating of “Buy” and an average target price of $93.14.
EPAM Systems, Inc. (NYSE EPAM) traded up 0.54% during trading on Friday, reaching $90.83. The company had a trading volume of 43,923 shares. The firm has a market capitalization of $4.77 billion, a PE ratio of 43.86 and a beta of 0.99. The firm’s 50 day moving average price is $87.43 and its 200 day moving average price is $83.24. EPAM Systems, Inc. has a 12-month low of $54.53 and a 12-month high of $91.97.
EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The business had revenue of $348.98 million during the quarter, compared to the consensus estimate of $342.00 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 23.0% on a year-over-year basis. Equities research analysts forecast that EPAM Systems, Inc. will post $3.34 EPS for the current year.
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About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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