EPAM Systems Inc (EPAM) Stake Lessened by Schroder Investment Management Group

Schroder Investment Management Group cut its stake in shares of EPAM Systems Inc (NYSE:EPAM) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,753 shares of the information technology services provider’s stock after selling 3,950 shares during the period. Schroder Investment Management Group owned approximately 0.40% of EPAM Systems worth $18,169,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Aperio Group LLC acquired a new position in EPAM Systems during the second quarter valued at $212,000. US Bancorp DE raised its position in EPAM Systems by 1,762.5% during the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 1,974 shares during the period. Strs Ohio raised its position in EPAM Systems by 19.1% during the second quarter. Strs Ohio now owns 8,100 shares of the information technology services provider’s stock valued at $681,000 after buying an additional 1,300 shares during the period. Bessemer Group Inc. acquired a new position in EPAM Systems during the second quarter valued at $1,951,000. Finally, Candriam Luxembourg S.C.A. raised its position in EPAM Systems by 11.1% during the second quarter. Candriam Luxembourg S.C.A. now owns 3,000 shares of the information technology services provider’s stock valued at $252,000 after buying an additional 300 shares during the period. 91.08% of the stock is currently owned by institutional investors.

EPAM has been the topic of several recent analyst reports. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Jefferies Group set a $95.00 price target on EPAM Systems and gave the company a “buy” rating in a research report on Thursday, August 17th. BidaskClub lowered EPAM Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Cowen reissued a “buy” rating and set a $95.00 price target on shares of EPAM Systems in a research report on Friday, September 1st. Finally, Bank of America began coverage on EPAM Systems in a research report on Tuesday, September 12th. They set a “buy” rating and a $95.00 price target on the stock. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.07.

In other news, Director Ronald P. Vargo sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total transaction of $405,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arkadiy Dobkin sold 5,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $82.66, for a total value of $413,300.00. Following the sale, the chief executive officer now owns 2,080,851 shares of the company’s stock, valued at approximately $172,003,143.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 357,054 shares of company stock worth $33,544,681. Insiders own 6.17% of the company’s stock.

EPAM Systems Inc (NYSE EPAM) opened at $97.14 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56. EPAM Systems Inc has a 52-week low of $61.74 and a 52-week high of $107.91. The firm has a market capitalization of $5,127.04, a PE ratio of 38.37, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The company had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. During the same period in the prior year, the firm posted $0.76 EPS. The business’s revenue was up 26.6% compared to the same quarter last year. sell-side analysts anticipate that EPAM Systems Inc will post 2.68 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/12/06/epam-systems-inc-epam-stake-lessened-by-schroder-investment-management-group.html.

About EPAM Systems

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.

Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems Inc (NYSE:EPAM).

Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

What are top analysts saying about EPAM Systems Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EPAM Systems Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit