Blair William & Co. IL boosted its holdings in EPAM Systems Inc (NYSE:EPAM) by 20.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,360 shares of the information technology services provider’s stock after buying an additional 2,245 shares during the quarter. Blair William & Co. IL’s holdings in EPAM Systems were worth $1,840,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of EPAM. TRUE Private Wealth Advisors bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $166,000. North Star Asset Management Inc. bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $207,000. Oakbrook Investments LLC bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $213,000. Wetherby Asset Management Inc. bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $219,000. Finally, Allen Investment Management LLC bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $222,000. 92.56% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on EPAM. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Tuesday, November 13th. Cantor Fitzgerald boosted their price target on EPAM Systems from $139.00 to $146.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Jefferies Financial Group began coverage on EPAM Systems in a research note on Tuesday, November 20th. They set a “hold” rating and a $134.00 price target for the company. KeyCorp cut their price target on EPAM Systems from $146.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, Bank of America downgraded EPAM Systems from a “buy” rating to a “neutral” rating and boosted their price target for the company from $134.00 to $147.00 in a research note on Tuesday, September 4th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $142.60.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.33. The company had revenue of $468.20 million during the quarter, compared to the consensus estimate of $466.97 million. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. The firm’s revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. On average, sell-side analysts expect that EPAM Systems Inc will post 3.43 earnings per share for the current year.
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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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