EPAM Systems, Inc. (NYSE:EPAM) Stock Position Raised by Cambiar Investors LLC

Cambiar Investors LLC boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,446 shares of the information technology services provider’s stock after acquiring an additional 3,372 shares during the period. Cambiar Investors LLC owned about 0.09% of EPAM Systems worth $10,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its position in EPAM Systems by 13.6% during the 1st quarter. First Trust Direct Indexing L.P. now owns 883 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 106 shares during the period. Van ECK Associates Corp grew its position in shares of EPAM Systems by 6.9% during the first quarter. Van ECK Associates Corp now owns 8,901 shares of the information technology services provider’s stock worth $2,458,000 after acquiring an additional 573 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of EPAM Systems by 57.1% in the 1st quarter. Mission Wealth Management LP now owns 1,103 shares of the information technology services provider’s stock worth $305,000 after acquiring an additional 401 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in EPAM Systems by 1.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,200 shares of the information technology services provider’s stock valued at $2,857,000 after purchasing an additional 113 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in EPAM Systems during the 1st quarter valued at about $272,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup raised their price target on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Itau BBA Securities upgraded shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price target for the company. Barclays raised their price objective on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Piper Sandler restated an “overweight” rating and issued a $225.00 target price on shares of EPAM Systems in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.89.

EPAM Systems Trading Up 0.3 %

NYSE EPAM opened at $189.13 on Friday. The firm’s 50 day moving average price is $198.06 and its two-hundred day moving average price is $200.05. 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, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 4.15 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last posted 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 return on equity of 14.31% and a net margin of 8.86%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. EPAM Systems’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that EPAM Systems, Inc. will post 8.08 EPS for the current year.

EPAM Systems announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.