Creative Planning lifted its holdings in EPAM Systems Inc (NYSE:EPAM) by 30.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,618 shares of the information technology services provider’s stock after purchasing an additional 846 shares during the period. Creative Planning’s holdings in EPAM Systems were worth $498,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in EPAM. TRUE Private Wealth Advisors acquired a new position in EPAM Systems during the 3rd quarter worth approximately $166,000. Capital One National Association acquired a new position in EPAM Systems during the 2nd quarter worth approximately $208,000. Oakbrook Investments LLC acquired a new position in EPAM Systems during the 3rd quarter worth approximately $213,000. World Asset Management Inc acquired a new position in EPAM Systems during the 2nd quarter worth approximately $221,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in EPAM Systems during the 2nd quarter worth approximately $236,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
In related news, SVP Boris Shnayder sold 3,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $130.86, for a total value of $392,580.00. Following the completion of the sale, the senior vice president now owns 25,508 shares in the company, valued at approximately $3,337,976.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jason Harman sold 3,547 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $136.98, for a total transaction of $485,868.06. Following the completion of the sale, the senior vice president now owns 9,473 shares of the company’s stock, valued at approximately $1,297,611.54. The disclosure for this sale can be found here. Insiders have sold a total of 41,680 shares of company stock valued at $5,876,795 in the last 90 days. Insiders own 5.30% of the company’s stock.
Several research analysts have commented on the stock. SunTrust Banks reiterated a “buy” rating and set a $138.00 price target on shares of EPAM Systems in a report on Friday, August 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 price target on shares of EPAM Systems in a report on Thursday, August 2nd. Wedbush boosted their price target on shares of EPAM Systems from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Wolfe Research began coverage on shares of EPAM Systems in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. EPAM Systems has an average rating of “Buy” and a consensus target price of $140.13.
Shares of NYSE:EPAM opened at $125.00 on Wednesday. The company has a market cap of $6.79 billion, a PE ratio of 34.23, a P/E/G ratio of 2.02 and a beta of 1.24. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 0.02. EPAM Systems Inc has a twelve month low of $96.11 and a twelve month high of $144.19.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.33. The business had revenue of $468.20 million during the quarter, compared to the consensus estimate of $466.97 million. EPAM Systems had a net margin of 8.60% and a return on equity of 19.87%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, equities research analysts forecast that EPAM Systems Inc will post 3.5 EPS for the current year.
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EPAM Systems Company Profile
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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