Stone Run Capital LLC lessened its position in shares of EPAM Systems Inc (NYSE:EPAM) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,900 shares of the information technology services provider’s stock after selling 4,600 shares during the period. EPAM Systems accounts for 1.9% of Stone Run Capital LLC’s holdings, making the stock its 25th biggest holding. Stone Run Capital LLC owned about 0.06% of EPAM Systems worth $3,642,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in EPAM Systems in the fourth quarter worth $2,401,000. Zeke Capital Advisors LLC acquired a new stake in EPAM Systems in the fourth quarter worth $255,000. LPL Financial LLC acquired a new stake in EPAM Systems in the fourth quarter worth $262,000. Teachers Advisors LLC grew its holdings in EPAM Systems by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 340,858 shares of the information technology services provider’s stock worth $36,618,000 after purchasing an additional 5,408 shares during the period. Finally, Raymond James & Associates grew its holdings in EPAM Systems by 20.8% in the fourth quarter. Raymond James & Associates now owns 4,332 shares of the information technology services provider’s stock worth $465,000 after purchasing an additional 746 shares during the period. 91.47% of the stock is owned by institutional investors and hedge funds.
EPAM stock opened at $119.15 on Wednesday. The stock has a market cap of $6,317.04, a PE ratio of 43.00, a PEG ratio of 1.84 and a beta of 0.96. EPAM Systems Inc has a twelve month low of $71.58 and a twelve month high of $125.88. The company has a current ratio of 5.31, a quick ratio of 5.31 and a debt-to-equity ratio of 0.03.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.52%. The business’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. sell-side analysts anticipate that EPAM Systems Inc will post 3.31 EPS for the current fiscal year.
In other news, Director Richard Michael Mayoras sold 2,500 shares of EPAM Systems stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total transaction of $286,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.17% of the stock is owned by company insiders.
EPAM has been the subject of a number of research reports. Pivotal Research initiated coverage on shares of EPAM Systems in a report on Tuesday, December 5th. They issued a “buy” rating and a $120.00 price target for the company. Cantor Fitzgerald raised their price target on shares of EPAM Systems to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 19th. Cowen set a $115.00 price target on shares of EPAM Systems and gave the stock a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus restated a “buy” rating and issued a $135.00 price target (up from $105.00) on shares of EPAM Systems in a report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $115.18.
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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