Janney Montgomery Scott LLC Has $1.39 Million Stake in EPAM Systems Inc (EPAM)

Janney Montgomery Scott LLC lessened its position in EPAM Systems Inc (NYSE:EPAM) by 32.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,967 shares of the information technology services provider’s stock after selling 5,862 shares during the period. Janney Montgomery Scott LLC’s holdings in EPAM Systems were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in EPAM Systems by 16.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 17,609 shares of the information technology services provider’s stock valued at $2,189,000 after purchasing an additional 2,483 shares during the period. First Hawaiian Bank bought a new stake in EPAM Systems during the 3rd quarter valued at approximately $889,000. Aperio Group LLC boosted its stake in EPAM Systems by 25.2% during the 3rd quarter. Aperio Group LLC now owns 9,395 shares of the information technology services provider’s stock valued at $1,294,000 after purchasing an additional 1,891 shares during the period. Oakbrook Investments LLC bought a new stake in EPAM Systems during the 3rd quarter valued at approximately $213,000. Finally, Strs Ohio boosted its stake in EPAM Systems by 87.3% during the 3rd quarter. Strs Ohio now owns 91,103 shares of the information technology services provider’s stock valued at $12,544,000 after purchasing an additional 42,460 shares during the period. Hedge funds and other institutional investors own 92.86% of the company’s stock.

Shares of EPAM stock opened at $154.69 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.02. EPAM Systems Inc has a 12 month low of $104.77 and a 12 month high of $158.79. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 54.28, a PEG ratio of 1.81 and a beta of 1.58.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 14th. The information technology services provider reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.24. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. The business had revenue of $504.90 million during the quarter, compared to analysts’ expectations of $501.43 million. During the same period in the prior year, the firm posted $1.01 EPS. EPAM Systems’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts forecast that EPAM Systems Inc will post 3.42 EPS for the current year.

Several analysts recently weighed in on EPAM shares. Zacks Investment Research downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. JPMorgan Chase & Co. increased their target price on EPAM Systems from $152.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. KeyCorp increased their target price on EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. VTB Capital downgraded EPAM Systems from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Jefferies Financial Group began coverage on EPAM Systems in a research report on Tuesday, November 20th. They issued a “hold” rating and a $134.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $150.69.

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EPAM Systems Company 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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