Candriam Luxembourg S.C.A. purchased a new stake in Epam Systems Inc. (NYSE:EPAM) during the second quarter, Holdings Channel reports. The institutional investor purchased 3,270 shares of the company’s stock, valued at approximately $210,000.
Several other hedge funds also recently added to or reduced their stakes in EPAM. BNP Paribas Arbitrage SA increased its stake in shares of Epam Systems by 5,051.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,906 shares of the company’s stock valued at $123,000 after buying an additional 1,869 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Epam Systems by 4,246.9% in the first quarter. Lazard Asset Management LLC now owns 2,130 shares of the company’s stock valued at $159,000 after buying an additional 2,081 shares during the last quarter. BlackRock Inc. increased its stake in shares of Epam Systems by 129.9% in the first quarter. BlackRock Inc. now owns 3,235 shares of the company’s stock valued at $241,000 after buying an additional 1,828 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Epam Systems by 1.3% in the first quarter. Prudential Financial Inc. now owns 4,770 shares of the company’s stock valued at $356,000 after buying an additional 60 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of Epam Systems during the first quarter valued at $426,000. Institutional investors own 94.13% of the company’s stock.
Epam Systems Inc. (NYSE:EPAM) traded down 0.39% during midday trading on Thursday, reaching $64.35. The company had a trading volume of 267,586 shares. Epam Systems Inc. has a 12 month low of $54.88 and a 12 month high of $84.41. The stock has a market cap of $3.27 billion, a P/E ratio of 34.28 and a beta of 1.22. The firm has a 50-day moving average of $67.99 and a 200-day moving average of $70.33.
Epam Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $281.11 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities analysts expect that Epam Systems Inc. will post $2.99 EPS for the current fiscal year.
Several analysts recently weighed in on EPAM shares. Cantor Fitzgerald restated a “buy” rating and set a $75.00 target price on shares of Epam Systems in a research note on Monday, September 12th. Wedbush started coverage on Epam Systems in a research note on Thursday, September 8th. They set an “outperform” rating and a $82.00 target price for the company. Zacks Investment Research upgraded Epam Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Pacific Crest restated a “buy” rating and set a $77.00 target price on shares of Epam Systems in a research note on Friday, August 5th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Epam Systems in a report on Saturday, July 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Epam Systems currently has an average rating of “Buy” and a consensus target price of $82.18.
In other news, insider Anthony J. Conte sold 1,200 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 12,706 shares in the company, valued at approximately $844,949. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.98% of the company’s stock.
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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