Emerald Mutual Fund Advisers Trust Has $42.39 Million Holdings in EPAM Systems Inc (EPAM)

Emerald Mutual Fund Advisers Trust raised its position in EPAM Systems Inc (NYSE:EPAM) by 1.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 307,866 shares of the information technology services provider’s stock after purchasing an additional 4,450 shares during the period. EPAM Systems accounts for approximately 1.4% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 6th biggest holding. Emerald Mutual Fund Advisers Trust’s holdings in EPAM Systems were worth $42,393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. North Star Asset Management Inc. purchased a new position in EPAM Systems in the 3rd quarter valued at $207,000. Oppenheimer Asset Management Inc. raised its holdings in shares of EPAM Systems by 51.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,892 shares of the information technology services provider’s stock worth $1,638,000 after acquiring an additional 4,065 shares during the period. First National Bank of Hutchinson raised its holdings in shares of EPAM Systems by 6.6% during the 3rd quarter. First National Bank of Hutchinson now owns 7,305 shares of the information technology services provider’s stock worth $1,006,000 after acquiring an additional 453 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of EPAM Systems by 14.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 250,258 shares of the information technology services provider’s stock worth $34,443,000 after acquiring an additional 31,762 shares during the period. Finally, Creative Planning raised its holdings in shares of EPAM Systems by 30.5% during the 3rd quarter. Creative Planning now owns 3,618 shares of the information technology services provider’s stock worth $498,000 after acquiring an additional 846 shares during the period. Institutional investors own 90.04% of the company’s stock.

NYSE EPAM opened at $113.25 on Wednesday. EPAM Systems Inc has a 52 week low of $90.06 and a 52 week high of $144.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.65 and a current ratio of 5.65. The firm has a market cap of $6.22 billion, a PE ratio of 39.74, a P/E/G ratio of 1.80 and a beta of 1.15.



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

EPAM has been the topic of several analyst reports. Zacks Investment Research lowered EPAM Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 price target on shares of EPAM Systems in a report on Thursday, August 2nd. Citigroup lifted their price target on EPAM Systems from $142.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, October 5th. Wedbush lifted their price target on EPAM Systems from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Finally, Bank of America lowered EPAM Systems from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $134.00 to $147.00 in a report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. EPAM Systems currently has an average rating of “Buy” and a consensus target price of $138.20.

In related news, SVP Viktar Dvorkin sold 20,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 29,258 shares of the company’s stock, valued at approximately $4,183,308.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Boris Shnayder sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $130.86, for a total value of $392,580.00. Following the sale, the senior vice president now directly owns 25,508 shares of the company’s stock, valued at $3,337,976.88. The disclosure for this sale can be found here. Insiders have sold a total of 41,680 shares of company stock valued at $5,876,795 over the last three months. Corporate insiders own 5.30% of the company’s stock.

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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