Olympiad Research LP Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

Olympiad Research LP acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,686 shares of the information technology services provider’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its stake in EPAM Systems by 0.4% in the second quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock worth $2,406,000 after acquiring an additional 52 shares during the period. Motley Fool Asset Management LLC lifted its stake in 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 acquiring an additional 56 shares during the period. Taylor Frigon Capital Management LLC lifted its stake in EPAM Systems by 0.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock worth $2,321,000 after acquiring an additional 56 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in EPAM Systems by 1.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock worth $1,089,000 after acquiring an additional 63 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock worth $311,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

EPAM has been the subject of a number of research reports. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Thursday. Itau BBA Securities upgraded EPAM Systems from an “underperform” rating to a “market perform” rating in a report on Friday, August 9th. Jefferies Financial Group increased their price objective on EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Susquehanna decreased their price objective on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $256.63.

EPAM Systems Trading Up 14.9 %

EPAM Systems stock opened at $232.96 on Friday. The stock has a market capitalization of $13.26 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 4.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.84. The business’s fifty day moving average is $198.28 and its 200 day moving average is $198.37. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems (NYSE:EPAM) last announced 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.21 earnings per share. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.08 EPS for the current year.

EPAM Systems declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board 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.