AGF Investments Inc. maintained its position in Epam Systems Inc. (NYSE:EPAM) during the second quarter, Holdings Channel reports. The firm owned 47,712 shares of the company’s stock at the end of the second quarter. AGF Investments Inc.’s holdings in Epam Systems were worth $3,067,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its position in Epam Systems by 30.7% in the first quarter. Barclays PLC now owns 10,000 shares of the company’s stock worth $740,000 after buying an additional 2,347 shares in the last quarter. Sapphire Star Partners LP raised its position in Epam Systems by 100.0% in the first quarter. Sapphire Star Partners LP now owns 6,026 shares of the company’s stock worth $474,000 after buying an additional 3,013 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Epam Systems during the first quarter worth approximately $516,000. Adage Capital Partners GP L.L.C. raised its position in Epam Systems by 133.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 140,000 shares of the company’s stock worth $10,454,000 after buying an additional 80,000 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Epam Systems by 33.2% in the first quarter. Wellington Management Group LLP now owns 1,084,823 shares of the company’s stock worth $81,004,000 after buying an additional 270,389 shares in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.
Shares of Epam Systems Inc. (NYSE:EPAM) traded down 0.67% during midday trading on Friday, hitting $64.89. 229,909 shares of the company’s stock were exchanged. Epam Systems Inc. has a 52 week low of $54.88 and a 52 week high of $84.41. The company has a 50-day moving average of $66.80 and a 200-day moving average of $69.59. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 34.57 and a beta of 1.22.
Epam Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.02. The business had revenue of $283.80 million for the quarter, compared to the consensus estimate of $281.11 million. Epam Systems had a return on equity of 12.73% and a net margin of 9.46%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. Equities research analysts expect that Epam Systems Inc. will post $3.00 EPS for the current fiscal year.
A number of research firms recently commented on EPAM. Wedbush began coverage on shares of Epam Systems in a research note on Thursday, September 8th. They set an “outperform” rating and a $82.00 price objective on the stock. Cantor Fitzgerald restated a “buy” rating and set a $75.00 target price on shares of Epam Systems in a report on Monday, September 12th. Pacific Crest restated a “buy” rating and set a $77.00 target price on shares of Epam Systems in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Epam Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Citigroup Inc. restated a “buy” rating on shares of Epam Systems in a report on Saturday, July 9th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.50.
In related news, insider Anthony J. Conte sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $66.50, for a total transaction of $79,800.00. Following the completion of the sale, the insider now directly owns 12,706 shares of the company’s stock, valued at $844,949. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.98% of the company’s stock.
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.