Inspire Advisors LLC Purchases 568 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Inspire Advisors LLC raised its position in EPAM Systems, Inc. (NYSE:EPAM) by 25.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,759 shares of the information technology services provider’s stock after buying an additional 568 shares during the period. Inspire Advisors LLC’s holdings in EPAM Systems were worth $549,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its position in shares of EPAM Systems by 0.5% in the 1st quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock worth $2,804,000 after purchasing an additional 46 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of EPAM Systems by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock worth $2,406,000 after purchasing an additional 52 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in shares of EPAM Systems by 5.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock worth $310,000 after purchasing an additional 56 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its position in shares of EPAM Systems by 0.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock worth $2,321,000 after purchasing an additional 56 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of EPAM Systems by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock worth $1,089,000 after purchasing an additional 63 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EPAM shares. JPMorgan Chase & Co. raised their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Susquehanna dropped their price objective on EPAM Systems from $260.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group started coverage on EPAM Systems in a research note on Monday, June 24th. They set a “neutral” rating and a $200.00 price objective on the stock. Finally, Itau BBA Securities raised EPAM Systems from an “underperform” rating to a “market perform” rating in a research note on Friday, August 9th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

EPAM Systems Stock Performance

EPAM opened at $201.30 on Friday. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 4.26 and a beta of 1.45. The business’s 50-day moving average price is $199.06 and its two-hundred day moving average price is $204.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.84. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.19. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. EPAM Systems’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 EPS. Equities analysts expect that EPAM Systems, Inc. will post 8.08 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has authorized a stock buyback plan on Thursday, August 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.