Vanguard Group Inc. boosted its stake in Epam Systems Inc. (NYSE:EPAM) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,421,619 shares of the company’s stock after buying an additional 114,460 shares during the period. Vanguard Group Inc. owned 6.73% of Epam Systems worth $220,045,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Epam Systems by 21.2% in the second quarter. JPMorgan Chase & Co. now owns 2,904,072 shares of the company’s stock worth $186,762,000 after buying an additional 508,626 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Epam Systems by 187.7% in the first quarter. Franklin Resources Inc. now owns 488,700 shares of the company’s stock worth $36,491,000 after buying an additional 318,830 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Epam Systems by 33.2% in the first quarter. Wellington Management Group LLP now owns 1,084,823 shares of the company’s stock worth $81,004,000 after buying an additional 270,389 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Epam Systems during the second quarter worth $11,347,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Epam Systems by 66.8% in the second quarter. Ameriprise Financial Inc. now owns 269,963 shares of the company’s stock worth $17,360,000 after buying an additional 108,085 shares during the last quarter. Hedge funds and other institutional investors own 94.13% of the company’s stock.
Shares of Epam Systems Inc. (NYSE:EPAM) opened at 64.81 on Friday. Epam Systems Inc. has a 52-week low of $54.88 and a 52-week high of $84.41. The stock has a market cap of $3.30 billion, a P/E ratio of 34.53 and a beta of 1.22. The firm’s 50-day moving average is $67.84 and its 200 day moving average is $70.23.
Epam Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The business had revenue of $283.80 million for the quarter, compared to analyst estimates of $281.11 million. Epam Systems had a return on equity of 12.73% and a net margin of 9.46%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Analysts forecast that Epam Systems Inc. will post $2.99 earnings per share for the current fiscal year.
A number of research analysts have commented on the stock. Wedbush assumed coverage on shares of Epam Systems in a research report on Thursday, September 8th. They set an “outperform” rating and a $82.00 target price on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $75.00 target price on shares of Epam Systems in a research report on Monday, September 12th. Pacific Crest reissued a “buy” rating and set a $77.00 target price on shares of Epam Systems in a research report on Friday, August 5th. Zacks Investment Research raised shares of Epam Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Epam Systems in a research report on Saturday, July 9th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.19.
In other news, insider Anthony J. Conte sold 1,200 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $66.50, for a total transaction of $79,800.00. Following the sale, the insider now owns 12,706 shares of the company’s stock, valued at $844,949. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.98% of the company’s stock.
Epam Systems Company Profile
EPAM Systems, Inc (EPAM) is a provider of software engineering solutions and information technology services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services.
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