Teachers Advisors LLC increased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 330,147 shares of the information technology services provider’s stock after buying an additional 19,890 shares during the period. Teachers Advisors LLC owned about 0.64% of EPAM Systems worth $27,762,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of EPAM Systems by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 3,813,871 shares of the information technology services provider’s stock valued at $288,023,000 after buying an additional 157,652 shares during the period. FMR LLC boosted its holdings in shares of EPAM Systems by 19.4% in the 1st quarter. FMR LLC now owns 3,675,177 shares of the information technology services provider’s stock valued at $277,549,000 after buying an additional 598,179 shares during the period. Morgan Stanley boosted its holdings in shares of EPAM Systems by 21.0% in the 1st quarter. Morgan Stanley now owns 3,461,697 shares of the information technology services provider’s stock valued at $261,428,000 after buying an additional 600,775 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EPAM Systems by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,028,774 shares of the information technology services provider’s stock valued at $254,691,000 after buying an additional 183,111 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of EPAM Systems by 76,013.5% in the 1st quarter. BlackRock Inc. now owns 2,995,067 shares of the information technology services provider’s stock valued at $226,186,000 after buying an additional 2,991,132 shares during the period. 87.88% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on EPAM shares. Cowen and Company reaffirmed a “buy” rating and issued a $95.00 price target on shares of EPAM Systems in a report on Friday, September 1st. Bank of America Corporation started coverage on shares of EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. Credit Suisse Group started coverage on shares of EPAM Systems in a report on Tuesday, July 4th. They issued an “outperform” rating and a $90.00 price target for the company. BidaskClub raised shares of EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $91.54.
EPAM Systems, Inc. (EPAM) opened at 83.48 on Thursday. The firm’s 50-day moving average is $82.21 and its 200-day moving average is $80.51. EPAM Systems, Inc. has a 1-year low of $54.53 and a 1-year high of $87.93. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 40.31 and a beta of 0.99.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $348.98 million during the quarter, compared to analysts’ expectations of $342.00 million. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts anticipate that EPAM Systems, Inc. will post $3.30 EPS for the current year.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 25,100 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $80.49, for a total transaction of $2,020,299.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 197,500 shares of company stock valued at $16,289,345 in the last quarter. 6.17% of the stock is currently owned by corporate insiders.
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EPAM Systems Company Profile
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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