Inspire Investing LLC Buys 375 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Inspire Investing LLC boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,184 shares of the information technology services provider’s stock after purchasing an additional 375 shares during the period. Inspire Investing LLC’s holdings in EPAM Systems were worth $2,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Czech National Bank increased its holdings in EPAM Systems by 0.5% during the first quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock valued at $2,804,000 after buying an additional 46 shares during the last quarter. Retirement Systems of Alabama increased its holdings in EPAM Systems by 0.4% during the second quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after buying an additional 52 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in EPAM Systems by 5.2% during the first quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock valued at $310,000 after buying an additional 56 shares during the last quarter. Taylor Frigon Capital Management LLC increased its holdings in EPAM Systems by 0.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock valued at $2,321,000 after buying an additional 56 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in EPAM Systems by 1.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock valued at $1,089,000 after buying an additional 63 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna reduced their target price on shares of EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a report on Friday, August 9th. Jefferies Financial Group increased their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Barclays increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. 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 eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

EPAM Systems Price Performance

EPAM Systems stock opened at $195.03 on Friday. The firm has a 50-day moving average price of $199.18 and a 200-day moving average price of $206.86. The firm has a market capitalization of $11.31 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 4.26 and a beta of 1.45. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50.

EPAM Systems (NYSE:EPAM) last released its earnings results 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. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.21 EPS. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 8.08 EPS for the current year.

EPAM Systems declared that its board has approved a stock buyback program on Thursday, August 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

EPAM Systems Company 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, performance tuning, deployment, maintenance, and support services.