Candriam Luxembourg S.C.A. purchased a new stake in shares of EPAM Systems Inc (NYSE:EPAM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,200 shares of the information technology services provider’s stock, valued at approximately $236,000.
Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of EPAM Systems by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock valued at $268,840,000 after buying an additional 119,230 shares during the last quarter. State Street Corp lifted its holdings in EPAM Systems by 6.5% in the 2nd quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock worth $81,460,000 after purchasing an additional 59,511 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in EPAM Systems by 87.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock worth $81,470,000 after purchasing an additional 432,237 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in EPAM Systems by 1.5% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 625,624 shares of the information technology services provider’s stock worth $55,011,000 after purchasing an additional 8,999 shares during the last quarter. Finally, BARING ASSET MANAGEMENT Ltd lifted its holdings in EPAM Systems by 105.7% in the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 406,329 shares of the information technology services provider’s stock worth $35,728,000 after purchasing an additional 208,825 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.
Several equities research analysts recently weighed in on EPAM shares. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Wednesday, November 1st. Cowen set a $115.00 target price on EPAM Systems and gave the stock a “buy” rating in a report on Monday, December 11th. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 target price on shares of EPAM Systems in a report on Thursday, November 2nd. UBS Group lowered EPAM Systems from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $105.00 to $110.00 in a report on Wednesday, November 29th. Finally, Pivotal Research started coverage on EPAM Systems in a report on Tuesday, December 5th. They issued a “buy” rating and a $120.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. EPAM Systems presently has a consensus rating of “Buy” and an average price target of $113.94.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Friday, February 16th. The information technology services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. EPAM Systems had a return on equity of 16.80% and a net margin of 5.02%. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $395.78 million. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. equities research analysts anticipate that EPAM Systems Inc will post 3.31 EPS for the current year.
In other news, Director Richard Michael Mayoras sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total transaction of $286,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.17% of the stock is owned by insiders.
EPAM Systems 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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