EPAM Systems, Inc. $EPAM Stake Boosted by Fourth Sail Capital LP

Fourth Sail Capital LP boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 35.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,700 shares of the information technology services provider’s stock after buying an additional 18,700 shares during the period. EPAM Systems accounts for approximately 2.6% of Fourth Sail Capital LP’s investment portfolio, making the stock its 18th largest holding. Fourth Sail Capital LP’s holdings in EPAM Systems were worth $12,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EPAM. Wealth Enhancement Advisory Services LLC raised its position in EPAM Systems by 85.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider’s stock worth $1,299,000 after acquiring an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd grew its stake in shares of EPAM Systems by 12.5% in the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock worth $3,978,000 after purchasing an additional 2,500 shares during the last quarter. Liontrust Investment Partners LLP bought a new stake in shares of EPAM Systems in the 1st quarter worth approximately $6,486,000. Leeward Investments LLC MA lifted its stake in EPAM Systems by 16.9% during the second quarter. Leeward Investments LLC MA now owns 53,725 shares of the information technology services provider’s stock valued at $9,500,000 after purchasing an additional 7,757 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of EPAM Systems in the second quarter valued at $3,713,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EPAM shares. Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, July 17th. They set a “hold” rating and a $171.00 price objective for the company. Wells Fargo & Company raised EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Insider Transactions at EPAM Systems

In other news, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the transaction, the senior vice president owned 146 shares of the company’s stock, valued at $21,939.42. This trade represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is owned by insiders.

EPAM Systems Stock Up 4.4%

EPAM stock opened at $175.46 on Monday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $9.77 billion, a PE ratio of 25.03, a PEG ratio of 2.36 and a beta of 1.67. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a fifty day simple moving average of $156.85 and a 200 day simple moving average of $165.40.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its board has initiated a share repurchase plan on Tuesday, October 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. 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, performance tuning, deployment, maintenance, and support services.