Profund Advisors LLC Purchases 79 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Profund Advisors LLC boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,194 shares of the information technology services provider’s stock after buying an additional 79 shares during the period. Profund Advisors LLC’s holdings in EPAM Systems were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ORG Partners LLC boosted its position in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares during the last quarter. Riverview Trust Co bought a new stake in EPAM Systems during the first quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new position in EPAM Systems in the 2nd quarter worth approximately $29,000. Whittier Trust Co. purchased a new position in EPAM Systems in the 1st quarter worth approximately $64,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of EPAM Systems in the 2nd quarter worth $69,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Trading Down 0.6 %

NYSE EPAM opened at $199.46 on Friday. The stock has a market cap of $11.56 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 4.36 and a beta of 1.45. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The stock has a 50 day simple moving average of $202.17 and a two-hundred day simple moving average of $213.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.19. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts forecast that EPAM Systems, Inc. will post 8.07 earnings per share for the current year.

EPAM Systems announced that its board has authorized a stock buyback plan on Thursday, August 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective for the company. The Goldman Sachs Group started coverage on EPAM Systems in a report on Monday, June 24th. They set a “neutral” rating and a $200.00 price objective on the stock. Susquehanna cut their target price on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group lifted their price target on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems has an average rating of “Hold” and a consensus target price of $258.32.

EPAM Systems Profile

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.