Creative Planning Has $672,000 Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Creative Planning grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 34.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,574 shares of the information technology services provider’s stock after purchasing an additional 907 shares during the period. Creative Planning’s holdings in EPAM Systems were worth $672,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Czech National Bank increased its stake in EPAM Systems by 0.5% in the 1st quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock valued at $2,804,000 after buying an additional 46 shares during the period. Retirement Systems of Alabama raised its holdings in shares of EPAM Systems by 0.4% during the second quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock worth $2,406,000 after acquiring an additional 52 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in EPAM Systems by 5.2% during the first quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock valued at $310,000 after purchasing an additional 56 shares during the last quarter. Taylor Frigon Capital Management LLC grew its stake in EPAM Systems by 0.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock valued at $2,321,000 after purchasing an additional 56 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in EPAM Systems by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock worth $1,089,000 after purchasing an additional 63 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on EPAM. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 price target on the stock. JPMorgan Chase & Co. lifted 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. Barclays increased their target price on shares of EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Susquehanna reduced their price target on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a research report on Friday, August 9th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $258.32.

EPAM Systems Stock Performance

NYSE EPAM opened at $195.03 on Friday. The company’s fifty day moving average is $199.18 and its two-hundred day moving average is $206.86. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.84. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 4.26 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.19. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $2.21 earnings per share. Equities research analysts forecast that EPAM Systems, Inc. will post 8.08 EPS for the current year.

EPAM Systems declared that its Board of Directors has approved a share repurchase plan on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually 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.