Truxt Investmentos Ltda. Buys New Stake in EPAM Systems, Inc. (NYSE:EPAM)

Truxt Investmentos Ltda. purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,571 shares of the information technology services provider’s stock, valued at approximately $1,905,000. EPAM Systems accounts for 1.3% of Truxt Investmentos Ltda.’s holdings, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of EPAM Systems in the second quarter valued at approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC lifted its position in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 0.2 %

EPAM stock opened at $233.45 on Friday. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The firm has a market cap of $13.29 billion, a PE ratio of 33.45, a PEG ratio of 4.45 and a beta of 1.46. The firm’s 50 day moving average price is $198.94 and its 200-day moving average price is $197.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.19. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 earnings per share. On average, equities research analysts anticipate that EPAM Systems, Inc. will post 8.08 EPS for the current year.

EPAM Systems declared that its board has approved a share buyback plan on Thursday, August 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group raised their price target on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective for the company. JPMorgan Chase & Co. raised their target price on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Citigroup boosted their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.50.

About EPAM Systems

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.