Mutual of America Capital Management LLC cut its position in EPAM Systems Inc (NYSE:EPAM) by 38.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,366 shares of the information technology services provider’s stock after selling 24,562 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of EPAM Systems worth $5,421,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Keybank National Association OH increased its holdings in shares of EPAM Systems by 7.9% in the second quarter. Keybank National Association OH now owns 5,428 shares of the information technology services provider’s stock valued at $675,000 after purchasing an additional 398 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in EPAM Systems by 10.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,227 shares of the information technology services provider’s stock worth $582,000 after acquiring an additional 400 shares during the period. Tower Research Capital LLC TRC grew its holdings in EPAM Systems by 60.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,072 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 403 shares during the period. GAM Holding AG grew its holdings in EPAM Systems by 0.8% during the third quarter. GAM Holding AG now owns 56,540 shares of the information technology services provider’s stock worth $7,786,000 after acquiring an additional 422 shares during the period. Finally, United Services Automobile Association grew its holdings in EPAM Systems by 2.3% during the second quarter. United Services Automobile Association now owns 19,490 shares of the information technology services provider’s stock worth $2,423,000 after acquiring an additional 434 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday, November 13th. Wedbush raised their target price on EPAM Systems from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Cantor Fitzgerald raised their target price on EPAM Systems from $139.00 to $146.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Jefferies Financial Group assumed coverage on EPAM Systems in a report on Tuesday, November 20th. They set a “hold” rating and a $134.00 target price on the stock. Finally, KeyCorp dropped their target price on EPAM Systems from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.60.
EPAM Systems stock opened at $122.85 on Friday. The stock has a market cap of $6.91 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.91 and a beta of 1.30. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.02. EPAM Systems Inc has a 52 week low of $100.75 and a 52 week high of $144.19.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.33. The company had revenue of $468.20 million for the quarter, compared to the consensus estimate of $466.97 million. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. EPAM Systems’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. Research analysts anticipate that EPAM Systems Inc will post 3.43 earnings per share for the current fiscal year.
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EPAM Systems 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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