EPAM Systems Inc (EPAM) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in EPAM Systems Inc (NYSE:EPAM) by 588.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 283,329 shares of the information technology services provider’s stock after buying an additional 242,184 shares during the quarter. First Trust Advisors LP’s holdings in EPAM Systems were worth $39,014,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EPAM. TRUE Private Wealth Advisors acquired a new stake in EPAM Systems in the third quarter worth about $166,000. Capital One National Association acquired a new stake in EPAM Systems in the second quarter worth about $208,000. Oakbrook Investments LLC acquired a new stake in EPAM Systems in the third quarter worth about $213,000. World Asset Management Inc acquired a new stake in EPAM Systems in the second quarter worth about $221,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in EPAM Systems in the second quarter worth about $236,000. 90.04% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE EPAM opened at $119.47 on Thursday. EPAM Systems Inc has a twelve month low of $90.06 and a twelve month high of $144.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.65 and a quick ratio of 5.65. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.



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

Several research firms recently weighed in on EPAM. SunTrust Banks reaffirmed a “buy” rating and issued a $138.00 price objective on shares of EPAM Systems in a report on Friday, August 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $139.00 price target on shares of EPAM Systems in a report on Thursday, August 2nd. Wedbush upped their price target on shares of EPAM Systems from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Wolfe Research began coverage on shares of EPAM Systems in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. One equities research 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. The stock currently has an average rating of “Buy” and a consensus target price of $138.20.

In other EPAM Systems news, SVP Jason Harman sold 3,547 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $136.98, for a total transaction of $485,868.06. Following the sale, the senior vice president now owns 9,473 shares in the company, valued at approximately $1,297,611.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Balazs Fejes sold 15,133 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $141.33, for a total value of $2,138,746.89. Following the sale, the executive vice president now owns 28,458 shares in the company, valued at approximately $4,021,969.14. The disclosure for this sale can be found here. Insiders sold a total of 41,680 shares of company stock valued at $5,876,795 over the last three months. 5.30% of the stock is owned by corporate insiders.

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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