Epam Systems Inc. (EPAM) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. raised its stake in Epam Systems Inc. (NYSE:EPAM) by 28.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,725,149 shares of the company’s stock after buying an additional 821,077 shares during the period. JPMorgan Chase & Co. owned 7.32% of Epam Systems worth $258,189,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in shares of Epam Systems by 5,051.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,906 shares of the company’s stock worth $123,000 after buying an additional 1,869 shares during the last quarter. Westpac Banking Corp increased its position in shares of Epam Systems by 16.5% in the second quarter. Westpac Banking Corp now owns 3,530 shares of the company’s stock worth $169,000 after buying an additional 499 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Epam Systems by 10.2% in the second quarter. Guggenheim Capital LLC now owns 3,104 shares of the company’s stock worth $200,000 after buying an additional 287 shares during the last quarter. S&CO Inc. bought a new position in shares of Epam Systems during the third quarter worth about $208,000. Finally, Candriam Luxembourg S.C.A. bought a new position in shares of Epam Systems during the second quarter worth about $210,000. Institutional investors and hedge funds own 95.80% of the company’s stock.
Shares of Epam Systems Inc. (NYSE:EPAM) opened at 67.51 on Wednesday. The firm has a market capitalization of $3.45 billion, a PE ratio of 35.20 and a beta of 1.26. The stock has a 50 day moving average price of $64.27 and a 200 day moving average price of $67.92. Epam Systems Inc. has a 12-month low of $54.53 and a 12-month high of $84.41.
Epam Systems (NYSE:EPAM) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The firm earned $298.30 million during the quarter, compared to analyst estimates of $296.12 million. Epam Systems had a return on equity of 12.66% and a net margin of 9.23%. Epam Systems’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. Analysts predict that Epam Systems Inc. will post $2.87 EPS for the current fiscal year.
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EPAM has been the subject of a number of analyst reports. Pacific Crest reissued a “buy” rating and issued a $77.00 price target on shares of Epam Systems in a report on Friday, August 5th. Zacks Investment Research upgraded Epam Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Cantor Fitzgerald restated a “buy” rating on shares of Epam Systems in a research report on Monday, August 22nd. Wedbush began coverage on Epam Systems in a research report on Thursday, September 8th. They issued an “outperform” rating and a $82.00 price objective for the company. Finally, Monness Crespi & Hardt upgraded Epam Systems from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.79.
About Epam Systems
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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