2 days Ago By Defense World Staff
Forsta AP Fonden lessened its holdings in EPAM Systems, Inc. ( NYSE:EPAM – Free Report ) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 10,800 shares of the information technology services provider’s stock after selling 1,100 shares during the period. Forsta AP Fonden’s holdings in EPAM Systems were worth $2,032,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently modified their holdings of EPAM.
Principal Securities Inc. bought a new position in EPAM Systems during the fourth quarter valued at about $43,000. Dimensional Fund Advisors LP raised its stake in EPAM Systems by 16.
6% in the 4th quarter. Dimensional Fund Advisors LP now owns 249,569 shares of the information technology services provider’s stock valued at $74,210,000 after acquiring an additional 35,568 shares during the period. Principal Financial Group Inc.
lifted its holdings in EPAM Systems by 0.5% during the fourth quarter. Principal Financial Group Inc.
now owns 74,253 shares of the information technology services provider’s stock valued at $22,078,000 after purchasing an additional 388 shares during the last quarter. Panagora Asset Management Inc. bought a new position in EPAM Systems during the fourth quarter worth about $658,000.
Finally, Brown Advisory Inc. lifted its stake in shares of EPAM Systems by 290.3% during the 4th quarter.
Brown Advisory Inc. now owns 3,275 shares of the information technology services provider’s stock valued at $974,000 after buying an additional 2,436 shares in the last quarter. Hedge funds and other institutional investors own 91.
58% of the company’s stock. EPAM Systems Stock Performance Shares of EPAM stock opened at $205.46 on Tuesday.
The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 4.
48 and a beta of 1.45. The stock has a fifty day moving average of $201.
88 and a 200 day moving average of $220.28. EPAM Systems, Inc.
has a 52 week low of $169.43 and a 52 week high of $317.50.
The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.
01. EPAM Systems declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 8th that allows the company to buyback $500.00 million in shares.
This buyback authorization allows the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Analysts Set New Price Targets A number of equities analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $225.00 price target on shares of EPAM Systems in a report on Wednesday, September 4th.
Itau BBA Securities raised shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a report on Friday, August 9th. 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 report on Monday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of EPAM Systems from $222.
00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Susquehanna lowered their target price on shares of EPAM Systems from $260.
00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, August 9th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $258.32. Read Our Latest Report on EPAM Systems About EPAM Systems ( Free Report ) 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. Read More Five stocks we like better than EPAM Systems Russell 2000 Index, How Investors Use it For Profitable Trading Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible EV Stocks and How to Profit from Them Roblox’s Growth Beyond Kids: Stock Set for Major Moves Market Cap Calculator: How to Calculate Market Cap 5 Oversold Stocks to Buy Right Now Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter .
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