NBC Securities Inc. Increases Holdings in EPAM Systems, Inc. (NYSE:EPAM)

NBC Securities Inc. grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 549.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,097 shares of the information technology services provider’s stock after acquiring an additional 928 shares during the period. NBC Securities Inc.’s holdings in EPAM Systems were worth $218,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EPAM. Czech National Bank increased its position in shares of EPAM Systems by 0.5% during the first 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 position in shares of EPAM Systems by 0.4% in the 2nd 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 raised its position in shares of EPAM Systems by 5.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock worth $310,000 after acquiring an additional 56 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of EPAM Systems by 0.5% in the 2nd 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 during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in EPAM Systems by 1.1% in the second 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 period. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. The Goldman Sachs Group assumed coverage on shares of EPAM Systems in a report on Monday, June 24th. They issued a “neutral” rating and a $200.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday, August 22nd. They set a “hold” rating and a $204.00 target price for the company. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, Piper Sandler reiterated an “overweight” rating and set a $225.00 price objective on shares of EPAM Systems in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.32.

EPAM Systems Stock Up 1.6 %

EPAM Systems stock opened at $201.58 on Friday. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The stock has a fifty day moving average of $199.06 and a 200 day moving average of $204.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. The stock has a market cap of $11.69 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 4.26 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.19. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 EPS. As a group, sell-side analysts predict 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 buyback program on Thursday, August 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

EPAM Systems Company 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.