ORG Partners LLC buys 150 shares of EPAM Systems, Inc. (NYSE:EPAM)

ORG Partners LLC raised its stake in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 5,000.0% in the second quarter, HoldingsChannel.com reports. The fund owned 153 shares of the information technology services provider’s stock after purchasing an additional 150 shares during the quarter. ORG Partners LLC’s holdings in EPAM Systems were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its holdings in shares of EPAM Systems by 3.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock worth $367,000 after buying an additional 40 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of EPAM Systems by 0.8% in the first quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock worth $1,641,000 after purchasing an additional 46 shares during the last quarter. Czech National Bank boosted its holdings in shares of EPAM Systems by 0.5% in the first quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock worth $2,804,000 after buying an additional 46 shares in the last quarter. Meridian Management Co. raised its holdings in shares of EPAM Systems by 0.6% in the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock worth $2,372,000 after purchasing an additional 48 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in shares of EPAM Systems by 5.2% in the first quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock worth $310,000 after purchasing an additional 56 shares in the last quarter. 91.58% of shares are currently owned by institutional investors.

Price performance of EPAM systems

Shares of EPAM Systems stock opened at $201.35 on Friday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 4.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68, and a quick ratio of 4.68. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The firm has a 50 day moving average of $193.81 and a two hundred day moving average of $234.16.

EPAM Systems (NYSE:EPAM – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.19. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $2.21 EPS. The company’s quarterly revenue was down 2.0% year over year. On average, research analysts estimate that EPAM Systems, Inc. will post 7.81 earnings per share for the current year.

EPAM Systems declared that its board has approved a stock buyback plan on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This buyback authorization allows the information technology services provider to buy up to 4.3% of its shares through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts on Wall Street are forecasting an increase

A number of analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of EPAM Systems in a report on Friday, May 24th. They issued a “neutral” rating and a $195.00 target price on the stock. TD Cowen cut their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a report on Friday, May 10th. Barclays raised their target price 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. Wolfe Research cut shares of EPAM Systems from an “outperform” rating to an “equal perform” rating in a research note on Friday, May 17th. Finally, Itau BBA Securities raised shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a research note on Friday, August 9th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $263.33, based on data from MarketBeat.com.

See our latest review of EPAM systems

EPAM Systems Company Profile

(Free Report)

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company provides 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.

Further reading

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