Westpac Banking Corp increased its position in Epam Systems Inc. (NYSE:EPAM) by 16.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,530 shares of the company’s stock after buying an additional 499 shares during the period. Westpac Banking Corp’s holdings in Epam Systems were worth $169,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in EPAM. BNP Paribas Arbitrage SA increased its position in Epam Systems by 5,051.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,906 shares of the company’s stock worth $123,000 after buying an additional 1,869 shares in the last quarter. Lazard Asset Management LLC increased its position in Epam Systems by 4,246.9% in the first quarter. Lazard Asset Management LLC now owns 2,130 shares of the company’s stock worth $159,000 after buying an additional 2,081 shares in the last quarter. BlackRock Inc. increased its position in Epam Systems by 129.9% in the first quarter. BlackRock Inc. now owns 3,235 shares of the company’s stock worth $241,000 after buying an additional 1,828 shares in the last quarter. Candriam Luxembourg S.C.A. acquired a new position in Epam Systems during the second quarter worth $210,000. Finally, Nikko Asset Management Americas Inc. acquired a new position in Epam Systems during the first quarter worth $249,000. Institutional investors own 94.13% of the company’s stock.
Shares of Epam Systems Inc. (NYSE:EPAM) opened at 65.84 on Monday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 35.08 and a beta of 1.22. The stock’s 50 day moving average is $68.09 and its 200 day moving average is $70.44. Epam Systems Inc. has a 12 month low of $54.88 and a 12 month high of $84.41.
Epam Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 4th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Epam Systems had a return on equity of 12.73% and a net margin of 9.46%. The business had revenue of $283.80 million for the quarter, compared to analyst estimates of $281.11 million. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. Equities research analysts forecast that Epam Systems Inc. will post $2.99 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the stock. Wedbush assumed coverage on shares of Epam Systems in a report on Thursday, September 8th. They set an “outperform” rating and a $82.00 price target on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 target price on shares of Epam Systems in a report on Monday, September 12th. Pacific Crest reiterated a “buy” rating and issued a $77.00 target price on shares of Epam Systems in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Epam Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Epam Systems in a report on Saturday, July 9th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Epam Systems currently has an average rating of “Buy” and an average target price of $82.96.
In other Epam Systems news, insider Anthony J. Conte sold 1,200 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $66.50, for a total transaction of $79,800.00. Following the sale, the insider now directly owns 12,706 shares of the company’s stock, valued at $844,949. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.98% of the company’s stock.
About Epam Systems
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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