EPAM Systems Inc (EPAM) Holdings Trimmed by Capital Impact Advisors LLC

Capital Impact Advisors LLC lowered its stake in shares of EPAM Systems Inc (NYSE:EPAM) by 35.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,631 shares of the information technology services provider’s stock after selling 7,396 shares during the period. Capital Impact Advisors LLC’s holdings in EPAM Systems were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of EPAM Systems by 2.1% during the second quarter. Morgan Stanley now owns 5,405,251 shares of the information technology services provider’s stock worth $672,035,000 after purchasing an additional 110,874 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of EPAM Systems by 1.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,075,600 shares of the information technology services provider’s stock worth $133,729,000 after purchasing an additional 15,500 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of EPAM Systems by 50.7% during the second quarter. Voya Investment Management LLC now owns 643,386 shares of the information technology services provider’s stock worth $79,992,000 after purchasing an additional 216,583 shares in the last quarter. Fred Alger Management Inc. increased its stake in shares of EPAM Systems by 38.3% during the second quarter. Fred Alger Management Inc. now owns 588,620 shares of the information technology services provider’s stock worth $73,183,000 after purchasing an additional 163,106 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of EPAM Systems by 433.5% during the second quarter. Millennium Management LLC now owns 489,853 shares of the information technology services provider’s stock worth $60,903,000 after purchasing an additional 398,027 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

EPAM has been the subject of a number of research reports. Zacks Investment Research cut shares of EPAM Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Wolfe Research initiated coverage on shares of EPAM Systems in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. KeyCorp boosted their target price on shares of EPAM Systems from $143.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 30th. Cantor Fitzgerald reissued a “buy” rating and set a $139.00 target price on shares of EPAM Systems in a research note on Thursday, August 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $138.00 target price on shares of EPAM Systems in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. EPAM Systems presently has an average rating of “Buy” and a consensus price target of $138.20.

In related news, SVP Jason Harman sold 3,547 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $136.98, for a total transaction of $485,868.06. Following the transaction, the senior vice president now directly owns 9,473 shares in the company, valued at $1,297,611.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 20,000 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $142.98, for a total transaction of $2,859,600.00. Following the transaction, the senior vice president now owns 29,258 shares in the company, valued at $4,183,308.84. The disclosure for this sale can be found here. Insiders have sold 41,680 shares of company stock worth $5,876,795 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

EPAM opened at $121.39 on Friday. The stock has a market cap of $6.62 billion, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. EPAM Systems Inc has a twelve month low of $89.70 and a twelve month high of $144.19. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 0.02.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The firm had revenue of $445.60 million for the quarter, compared to analyst estimates of $447.14 million. EPAM Systems had a net margin of 7.68% and a return on equity of 18.55%. EPAM Systems’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Equities analysts predict that EPAM Systems Inc will post 3.19 EPS for the current year.

EPAM Systems Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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