Aberdeen Asset Management PLC UK Sells 3,400 Shares of Epam Systems Inc. (EPAM)
Aberdeen Asset Management PLC UK reduced its stake in shares of Epam Systems Inc. (NYSE:EPAM) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,492,735 shares of the company’s stock after selling 3,400 shares during the period. Aberdeen Asset Management PLC UK owned 2.95% of Epam Systems worth $95,998,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in Epam Systems by 3.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,615 shares of the company’s stock worth $718,000 after buying an additional 350 shares during the period. Ngam Advisors L.P. increased its stake in Epam Systems by 21.4% in the first quarter. Ngam Advisors L.P. now owns 18,801 shares of the company’s stock worth $1,404,000 after buying an additional 3,314 shares during the period. Prudential Financial Inc. increased its stake in Epam Systems by 1.3% in the first quarter. Prudential Financial Inc. now owns 4,770 shares of the company’s stock worth $356,000 after buying an additional 60 shares during the period. Franklin Resources Inc. increased its stake in Epam Systems by 187.7% in the first quarter. Franklin Resources Inc. now owns 488,700 shares of the company’s stock worth $36,491,000 after buying an additional 318,830 shares during the period. Finally, BlackRock Inc. increased its stake in Epam Systems by 129.9% in the first quarter. BlackRock Inc. now owns 3,235 shares of the company’s stock worth $241,000 after buying an additional 1,828 shares during the period. Hedge funds and other institutional investors own 94.13% of the company’s stock.
Shares of Epam Systems Inc. (NYSE:EPAM) traded down 0.09% on Wednesday, reaching $64.96. 70,518 shares of the company were exchanged. Epam Systems Inc. has a 12 month low of $54.88 and a 12 month high of $84.41. The stock has a market capitalization of $3.31 billion, a P/E ratio of 34.61 and a beta of 1.22. The stock has a 50 day moving average price of $67.68 and a 200-day moving average price of $70.03.
Epam Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.02. Epam Systems had a return on equity of 12.73% and a net margin of 9.46%. The company had revenue of $283.80 million for the quarter, compared to the consensus estimate of $281.11 million. During the same period in the prior year, the company earned $0.64 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, equities analysts expect that Epam Systems Inc. will post $2.99 EPS for the current fiscal year.
A number of research firms have commented on EPAM. Wedbush began coverage on shares of Epam Systems in a research report on Thursday, September 8th. They set an “outperform” rating and a $82.00 price target on the stock. Cantor Fitzgerald restated a “buy” rating and set a $75.00 price target on shares of Epam Systems in a research report on Monday, September 12th. Pacific Crest restated a “buy” rating and set a $77.00 price target on shares of Epam Systems in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Epam Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Epam Systems in a report on Saturday, July 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.27.
In other Epam Systems news, insider Anthony J. Conte sold 1,200 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $66.50, for a total transaction of $79,800.00. Following the sale, the insider now owns 12,706 shares of the company’s stock, valued at approximately $844,949. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.98% of the company’s stock.
Epam Systems Company Profile
EPAM Systems, Inc (EPAM) is a provider of software engineering solutions and information technology services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services.
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