ProShare Advisors LLC Increases Holdings in EPAM Systems, Inc. (NYSE:EPAM)

ProShare Advisors LLC increased its stake in EPAM Systems, Inc. (NYSE:EPAM) by 39.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,908 shares of the information technology services provider’s stock after purchasing an additional 4,253 shares during the quarter. ProShare Advisors LLC’s holdings in EPAM Systems were worth $4,457,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EPAM. Optimum Investment Advisors purchased a new position in EPAM Systems during the first quarter worth about $30,000. Financial Freedom LLC purchased a new position in EPAM Systems during the fourth quarter worth about $34,000. Clear Street Markets LLC grew its position in EPAM Systems by 93.1% during the first quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Headlands Technologies LLC purchased a new position in EPAM Systems during the first quarter worth about $38,000. Finally, Global Retirement Partners LLC grew its position in EPAM Systems by 147.3% during the first quarter. Global Retirement Partners LLC now owns 136 shares of the information technology services provider’s stock worth $37,000 after buying an additional 81 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 1.6 %

EPAM stock opened at $259.53 on Tuesday. EPAM Systems, Inc. has a fifty-two week low of $197.99 and a fifty-two week high of $404.83. The business’s 50 day moving average price is $246.47 and its two-hundred day moving average price is $254.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.92 and a current ratio of 4.92. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 7.10 and a beta of 1.47.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 3rd. The information technology services provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.33. EPAM Systems had a return on equity of 18.60% and a net margin of 11.02%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, analysts forecast that EPAM Systems, Inc. will post 8.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

EPAM has been the subject of several recent analyst reports. Barclays boosted their target price on EPAM Systems from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. StockNews.com assumed coverage on EPAM Systems in a research note on Thursday, August 17th. They set a “hold” rating for the company. HSBC started coverage on EPAM Systems in a research note on Monday, July 17th. They set a “hold” rating and a $255.00 price target for the company. JPMorgan Chase & Co. boosted their target price on EPAM Systems from $272.00 to $319.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Finally, Citigroup boosted their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $296.00.

Insiders Place Their Bets

In other EPAM Systems news, Director Eugene Roman sold 1,552 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $237.44, for a total transaction of $368,506.88. Following the transaction, the director now owns 982 shares in the company, valued at approximately $233,166.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company’s stock.

EPAM Systems 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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.