Anchor Capital Advisors LLC decreased its position in EPAM Systems (NYSE:EPAM) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,618 shares of the information technology services provider’s stock after selling 1,305 shares during the quarter. Anchor Capital Advisors LLC owned about 0.36% of EPAM Systems worth $21,944,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of EPAM Systems by 62.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,084 shares of the information technology services provider’s stock valued at $811,000 after buying an additional 2,730 shares during the period. BlackRock Inc. lifted its holdings in shares of EPAM Systems by 11.9% in the first quarter. BlackRock Inc. now owns 3,743,627 shares of the information technology services provider’s stock valued at $428,720,000 after buying an additional 398,653 shares during the period. Twin Tree Management LP acquired a new stake in shares of EPAM Systems in the first quarter valued at $198,000. Bamco Inc. NY lifted its holdings in shares of EPAM Systems by 34.3% in the first quarter. Bamco Inc. NY now owns 72,306 shares of the information technology services provider’s stock valued at $8,280,000 after buying an additional 18,470 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of EPAM Systems by 11.5% in the first quarter. Aperio Group LLC now owns 7,394 shares of the information technology services provider’s stock valued at $847,000 after buying an additional 765 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
Several equities research analysts have recently commented on the company. Cowen upped their target price on EPAM Systems from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, May 17th. Berenberg Bank upped their target price on EPAM Systems to $145.00 in a report on Thursday, May 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 target price on shares of EPAM Systems in a report on Wednesday, May 9th. Finally, KeyCorp upped their target price on EPAM Systems to $132.00 and gave the company an “overweight” rating in a report on Monday, May 7th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $125.25.
In related news, Director Richard Michael Mayoras sold 2,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total transaction of $286,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 3,120 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $129.78, for a total value of $404,913.60. Following the transaction, the chief financial officer now directly owns 10,627 shares in the company, valued at $1,379,172.06. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.
EPAM Systems opened at $123.43 on Wednesday, Marketbeat reports. The firm has a market cap of $6.75 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94. EPAM Systems has a 1-year low of $77.96 and a 1-year high of $131.75. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.02.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $424.15 million for the quarter, compared to analyst estimates of $414.15 million. EPAM Systems had a return on equity of 17.45% and a net margin of 7.33%. EPAM Systems’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. equities research analysts predict that EPAM Systems will post 3.27 EPS for the current year.
About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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