Emerald Advisers Inc. PA Has $37,272,000 Stake in Epam Systems Inc. (EPAM)
Emerald Advisers Inc. PA decreased its position in Epam Systems Inc. (NYSE:EPAM) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,561 shares of the company’s stock after selling 1,288 shares during the period. Epam Systems accounts for approximately 1.8% of Emerald Advisers Inc. PA’s portfolio, making the stock its largest position. Emerald Advisers Inc. PA’s holdings in Epam Systems were worth $37,272,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Epam Systems by 34.4% in the first quarter. JPMorgan Chase & Co. now owns 2,395,446 shares of the company’s stock worth $178,869,000 after buying an additional 612,744 shares in the last quarter. Franklin Resources Inc. increased its position 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 in the last quarter. Wellington Management Group LLP increased its position 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 in the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Epam Systems by 133.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 140,000 shares of the company’s stock worth $10,454,000 after buying an additional 80,000 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Epam Systems during the first quarter worth approximately $4,327,000. 94.13% of the stock is currently owned by institutional investors.
Shares of Epam Systems Inc. (NYSE:EPAM) traded down 0.94% on Tuesday, reaching $67.38. 258,161 shares of the company’s stock traded hands. The company’s 50-day moving average is $68.04 and its 200-day moving average is $70.54. Epam Systems Inc. has a 52 week low of $54.88 and a 52 week high of $84.41. The firm has a market capitalization of $3.43 billion, a P/E ratio of 35.90 and a beta of 1.22.
Epam Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.02. The business earned $283.80 million during the quarter, compared to analyst estimates of $281.11 million. Epam Systems had a net margin of 9.46% and a return on equity of 12.73%. Epam Systems’s revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Equities research analysts anticipate that Epam Systems Inc. will post $2.99 earnings per share for the current fiscal year.
EPAM has been the topic of a number of research reports. Barclays PLC cut their target price on shares of Epam Systems from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $84.00 target price on shares of Epam Systems in a research note on Tuesday, July 5th. Pacific Crest reissued a “buy” rating and issued a $77.00 target price on shares of Epam Systems in a research note on Friday, August 5th. Zacks Investment Research raised shares of Epam Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, Wedbush initiated coverage on shares of Epam Systems in a research note on Thursday, September 8th. They issued an “outperform” rating and a $82.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $82.96.
In other Epam Systems news, insider Anthony J. Conte sold 1,200 shares of Epam Systems stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $66.50, for a total value of $79,800.00. Following the completion of the sale, the insider now directly owns 12,706 shares in the company, valued at $844,949. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.98% of the stock is currently owned by company insiders.
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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