EPAM Systems Inc (EPAM) Short Interest Update

EPAM Systems Inc (NYSE:EPAM) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 823,320 shares, an increase of 62.9% from the October 31st total of 505,414 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 429,319 shares, the short-interest ratio is presently 1.9 days.

Several hedge funds and other institutional investors have recently made changes to their positions in EPAM. OppenheimerFunds Inc. purchased a new position in shares of EPAM Systems during the 3rd quarter valued at about $195,951,000. Capital World Investors raised its holdings in shares of EPAM Systems by 78.8% during the 3rd quarter. Capital World Investors now owns 2,070,917 shares of the information technology services provider’s stock valued at $285,165,000 after buying an additional 912,555 shares in the last quarter. Millennium Management LLC raised its holdings in shares of EPAM Systems by 433.5% during the 2nd quarter. Millennium Management LLC now owns 489,853 shares of the information technology services provider’s stock valued at $60,903,000 after buying an additional 398,027 shares in the last quarter. Morgan Stanley raised its holdings in shares of EPAM Systems by 7.2% during the 3rd quarter. Morgan Stanley now owns 5,793,689 shares of the information technology services provider’s stock valued at $797,790,000 after buying an additional 388,438 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of EPAM Systems by 877.1% during the 3rd quarter. Franklin Resources Inc. now owns 366,400 shares of the information technology services provider’s stock valued at $50,453,000 after buying an additional 328,900 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

Shares of NYSE EPAM opened at $127.91 on Friday. The stock has a market cap of $7.04 billion, a P/E ratio of 44.88, a PEG ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.11 and a current ratio of 5.11. EPAM Systems has a 1-year low of $97.78 and a 1-year high of $144.19.



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 for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.33. The company had revenue of $468.20 million for the quarter, compared to analysts’ expectations of $466.97 million. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. EPAM Systems’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. As a group, equities analysts expect that EPAM Systems will post 3.43 earnings per share for the current year.

EPAM has been the topic of several recent analyst reports. Wedbush raised their price target on EPAM Systems from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Bank of America cut EPAM Systems from a “buy” rating to a “neutral” rating and raised their price target for the company from $134.00 to $147.00 in a report on Tuesday, September 4th. Citigroup raised their price target on EPAM Systems from $142.00 to $153.00 and gave the company a “buy” rating in a report on Friday, October 5th. KeyCorp lowered their price target on EPAM Systems from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Finally, Cantor Fitzgerald raised their price target on EPAM Systems from $139.00 to $146.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. EPAM Systems currently has a consensus rating of “Buy” and an average target price of $142.60.

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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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