Public Employees Retirement Association of Colorado acquired a new position in EPAM Systems Inc (NYSE:EPAM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,060 shares of the information technology services provider’s stock, valued at approximately $436,000.
Other institutional investors have also recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its stake in EPAM Systems by 54.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 216,086 shares of the information technology services provider’s stock worth $19,000,000 after purchasing an additional 76,625 shares during the period. Sloane Robinson LLP acquired a new position in EPAM Systems in the 3rd quarter worth approximately $5,610,000. Bamco Inc. NY boosted its stake in EPAM Systems by 28.0% in the 3rd quarter. Bamco Inc. NY now owns 53,836 shares of the information technology services provider’s stock worth $4,734,000 after purchasing an additional 11,763 shares during the period. Taylor Frigon Capital Management LLC acquired a new position in EPAM Systems in the 4th quarter worth approximately $2,824,000. Finally, New York State Common Retirement Fund boosted its stake in EPAM Systems by 2.9% in the 3rd quarter. New York State Common Retirement Fund now owns 54,000 shares of the information technology services provider’s stock worth $4,748,000 after purchasing an additional 1,500 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on EPAM. Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Pivotal Research set a $135.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating on shares of EPAM Systems in a research report on Friday. UBS Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and increased their target price for the stock from $105.00 to $110.00 in a research report on Wednesday, November 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price (up previously from $90.00) on shares of EPAM Systems in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $103.87.
Shares of EPAM Systems Inc (NYSE EPAM) opened at $114.95 on Monday. EPAM Systems Inc has a 12-month low of $69.62 and a 12-month high of $119.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56. The stock has a market cap of $6,070.81, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.93.
EPAM Systems (NYSE:EPAM) last released its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.80%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. equities analysts expect that EPAM Systems Inc will post 3.32 earnings per share for the current year.
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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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