EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,869 shares of the information technology services provider’s stock after selling 68 shares during the quarter. Equitable Trust Co.’s holdings in EPAM Systems were worth $1,168,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EPAM. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of EPAM Systems by 1.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,200 shares of the information technology services provider’s stock valued at $2,857,000 after buying an additional 113 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of EPAM Systems in the first quarter valued at about $272,000. Empirical Finance LLC grew its stake in shares of EPAM Systems by 5.2% in the first quarter. Empirical Finance LLC now owns 1,394 shares of the information technology services provider’s stock valued at $385,000 after buying an additional 69 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of EPAM Systems by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,026 shares of the information technology services provider’s stock valued at $1,112,000 after buying an additional 147 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of EPAM Systems in the first quarter valued at about $220,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of analyst reports. Needham & Company LLC increased their price target on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday. Barclays increased their price target on EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Citigroup increased their price target on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.50.

EPAM Systems Trading Up 0.2 %

Shares of NYSE EPAM opened at $233.45 on Friday. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 4.45 and a beta of 1.46. The stock’s 50 day simple moving average is $198.94 and its 200 day simple moving average is $197.93.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.19. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.21 EPS. Equities research analysts expect that EPAM Systems, Inc. will post 8.08 EPS for the current year.

EPAM Systems announced that its Board of Directors has approved a stock buyback program on Thursday, August 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

EPAM Systems Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.