EPAM Systems Inc (EPAM) Holdings Lifted by SG Americas Securities LLC
SG Americas Securities LLC lifted its position in shares of EPAM Systems Inc (NYSE:EPAM) by 31.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,529 shares of the information technology services provider’s stock after buying an additional 1,335 shares during the period. SG Americas Securities LLC’s holdings in EPAM Systems were worth $486,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new stake in shares of EPAM Systems during the 2nd quarter worth $101,000. Jacobi Capital Management LLC acquired a new stake in shares of EPAM Systems during the 2nd quarter worth $119,000. PNC Financial Services Group Inc. increased its holdings in shares of EPAM Systems by 34.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after buying an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of EPAM Systems by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after buying an additional 166 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of EPAM Systems by 1,762.5% during the 2nd quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after buying an additional 1,974 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.
Shares of EPAM Systems Inc (NYSE EPAM) traded up $2.59 during trading on Tuesday, hitting $104.50. The stock had a trading volume of 619,900 shares, compared to its average volume of 335,833. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $5,382.13, a P/E ratio of 40.28, a PEG ratio of 1.96 and a beta of 1.00. EPAM Systems Inc has a 12 month low of $61.74 and a 12 month high of $107.91.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $377.50 million during the quarter, compared to the consensus estimate of $368.22 million. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The company’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. sell-side analysts expect that EPAM Systems Inc will post 2.68 earnings per share for the current year.
In other news, CEO Arkadiy Dobkin sold 5,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $82.66, for a total transaction of $413,300.00. Following the transaction, the chief executive officer now owns 2,080,851 shares of the company’s stock, valued at $172,003,143.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Elaina Shekhter sold 500 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Insiders have sold 279,654 shares of company stock valued at $26,966,185 over the last 90 days. Insiders own 6.17% of the company’s stock.
Several analysts recently issued reports on EPAM shares. Zacks Investment Research downgraded EPAM Systems from a “buy” rating to a “hold” rating in a 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 report on Thursday, August 17th. BidaskClub downgraded EPAM Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Cowen reiterated a “buy” rating and issued a $95.00 price target on shares of EPAM Systems in a report on Friday, September 1st. Finally, Bank of America started coverage on EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $101.40.
EPAM Systems Company 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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