Daiwa Securities Group Inc. Purchases 150 Shares of EPAM Systems Inc (NYSE:EPAM)

Daiwa Securities Group Inc. raised its position in EPAM Systems Inc (NYSE:EPAM) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,199 shares of the information technology services provider’s stock after buying an additional 150 shares during the period. Daiwa Securities Group Inc.’s holdings in EPAM Systems were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EPAM. World Asset Management Inc raised its position in shares of EPAM Systems by 3.8% during the third quarter. World Asset Management Inc now owns 1,759 shares of the information technology services provider’s stock worth $321,000 after acquiring an additional 64 shares during the last quarter. Pinnacle Financial Partners Inc. raised its position in shares of EPAM Systems by 4.9% during the third quarter. Pinnacle Financial Partners Inc. now owns 1,402 shares of the information technology services provider’s stock worth $256,000 after acquiring an additional 65 shares during the last quarter. Signaturefd LLC raised its position in shares of EPAM Systems by 69.8% during the third quarter. Signaturefd LLC now owns 163 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. Captrust Financial Advisors raised its position in shares of EPAM Systems by 49.0% during the second quarter. Captrust Financial Advisors now owns 228 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 75 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of EPAM Systems by 1.0% during the second quarter. Signature Estate & Investment Advisors LLC now owns 7,879 shares of the information technology services provider’s stock worth $1,364,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

NYSE EPAM opened at $207.67 on Friday. The business has a 50 day simple moving average of $184.08 and a 200 day simple moving average of $182.21. EPAM Systems Inc has a one year low of $104.77 and a one year high of $208.31. The stock has a market capitalization of $10.68 billion, a P/E ratio of 53.11, a P/E/G ratio of 2.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.38 and a quick ratio of 4.38.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 7th. The information technology services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. EPAM Systems had a return on equity of 18.44% and a net margin of 11.38%. The business had revenue of $588.10 million during the quarter, compared to analysts’ expectations of $579.82 million. During the same quarter last year, the firm posted $1.17 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. Equities analysts expect that EPAM Systems Inc will post 4.42 earnings per share for the current year.

In related news, SVP Lawrence F. Solomon sold 7,962 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $197.67, for a total transaction of $1,573,848.54. Following the completion of the sale, the senior vice president now owns 15,999 shares of the company’s stock, valued at $3,162,522.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Elaina Shekhter sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $195.00, for a total value of $546,000.00. Following the sale, the chief marketing officer now directly owns 10,459 shares of the company’s stock, valued at approximately $2,039,505. The disclosure for this sale can be found here. Insiders have sold 13,562 shares of company stock valued at $2,673,129 in the last ninety days. 5.30% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald raised their price objective on EPAM Systems from $212.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Cowen raised their price objective on EPAM Systems from $180.00 to $210.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a research report on Wednesday, August 14th. Wells Fargo & Co assumed coverage on EPAM Systems in a research report on Thursday. They set an “outperform” rating and a $222.00 price objective for the company. Finally, Barclays raised their price objective on EPAM Systems from $214.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $190.45.

EPAM Systems Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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

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