EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,760 shares of the information technology services provider’s stock after selling 155 shares during the period. GHP Investment Advisors Inc.’s holdings in EPAM Systems were worth $1,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. ORG Partners LLC increased its stake in 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 buying an additional 150 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of EPAM Systems during the second quarter valued at approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new stake in EPAM Systems in the first quarter worth approximately $64,000. Finally, 1620 Investment Advisors Inc. bought a new position in EPAM Systems during the 2nd quarter valued at $69,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Trading Up 0.3 %

NYSE:EPAM opened at $191.52 on Monday. The stock has a market cap of $11.10 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 4.35 and a beta of 1.45. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.84. The stock’s 50-day moving average is $198.79 and its two-hundred day moving average is $201.20.

EPAM Systems (NYSE:EPAM) last released 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 EPS. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 8.08 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has authorized a stock repurchase program on Thursday, August 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Susquehanna cut their price objective on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a report on Friday, August 9th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Barclays lifted their price objective on shares of EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Piper Sandler reissued an “overweight” rating and set a $225.00 target price on shares of EPAM Systems in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.32.

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.