Central Pacific Bank Trust Division Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

Central Pacific Bank Trust Division acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAMFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,318 shares of the information technology services provider’s stock, valued at approximately $631,000.

Several other large investors also recently made changes to their positions in EPAM. Mariner LLC increased its holdings in EPAM Systems by 22.8% during the 3rd quarter. Mariner LLC now owns 2,033 shares of the information technology services provider’s stock worth $520,000 after purchasing an additional 377 shares in the last quarter. Alps Advisors Inc. bought a new stake in EPAM Systems in the 3rd quarter valued at approximately $325,000. Schroder Investment Management Group boosted its position in EPAM Systems by 13.8% during the 3rd quarter. Schroder Investment Management Group now owns 43,220 shares of the information technology services provider’s stock worth $11,051,000 after acquiring an additional 5,252 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of EPAM Systems by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 20,865 shares of the information technology services provider’s stock worth $5,337,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of EPAM Systems by 265.7% in the third quarter. Royal Bank of Canada now owns 183,284 shares of the information technology services provider’s stock worth $46,864,000 after purchasing an additional 133,163 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock traded down $0.68 during trading hours on Wednesday, hitting $181.91. The company had a trading volume of 22,194 shares, compared to its average volume of 636,565. The firm has a 50-day moving average of $189.26 and a 200 day moving average of $251.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. The firm has a market cap of $10.55 billion, a PE ratio of 24.98, a PEG ratio of 4.31 and a beta of 1.45. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems (NYSE:EPAMGet Free Report) last announced its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. On average, sell-side analysts expect that EPAM Systems, Inc. will post 7.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $340.00 price target on shares of EPAM Systems in a research note on Wednesday, April 10th. Barclays lowered their target price on EPAM Systems from $265.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, May 13th. JPMorgan Chase & Co. reduced their price target on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Wolfe Research cut EPAM Systems from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Finally, Mizuho decreased their target price on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $272.11.

Get Our Latest Analysis on EPAM Systems

EPAM Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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