EPAM Systems Inc (NYSE:EPAM) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 824,900 shares, a decline of 16.8% from the June 30th total of 991,900 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 501,200 shares, the short-interest ratio is presently 1.6 days.

EPAM has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price objective (up from $158.00) on shares of EPAM Systems in a report on Wednesday, May 8th. Cantor Fitzgerald lifted their price objective on EPAM Systems from $187.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a report on Wednesday. Finally, Cowen lifted their price objective on EPAM Systems from $180.00 to $210.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. EPAM Systems currently has a consensus rating of “Buy” and a consensus price target of $173.10.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.13, for a total value of $2,491,950.00. Following the completion of the transaction, the chief executive officer now directly owns 1,713,490 shares of the company’s stock, valued at approximately $284,662,093.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $170.25, for a total value of $170,250.00. Following the completion of the transaction, the chief financial officer now directly owns 13,039 shares of the company’s stock, valued at $2,219,889.75. The disclosure for this sale can be found here. Insiders sold a total of 337,189 shares of company stock valued at $58,783,622 over the last ninety days. Insiders own 5.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mutual Advisors LLC acquired a new position in EPAM Systems in the 2nd quarter worth about $302,000. Cambridge Investment Research Advisors Inc. grew its position in shares of EPAM Systems by 69.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,279 shares of the information technology services provider’s stock valued at $394,000 after buying an additional 934 shares during the last quarter. Bamco Inc. NY grew its position in shares of EPAM Systems by 16.8% in the 2nd quarter. Bamco Inc. NY now owns 94,073 shares of the information technology services provider’s stock valued at $16,284,000 after buying an additional 13,529 shares during the last quarter. Pictet Asset Management Ltd. bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $3,306,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $46,147,000. 91.42% of the stock is owned by institutional investors and hedge funds.

Shares of EPAM Systems stock traded up $2.14 during trading on Thursday, reaching $184.48. 363,139 shares of the company’s stock were exchanged, compared to its average volume of 400,441. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.41 and a current ratio of 4.41. EPAM Systems has a 1-year low of $104.77 and a 1-year high of $201.00. The company has a market cap of $10.01 billion, a P/E ratio of 47.18, a PEG ratio of 2.18 and a beta of 1.38. The firm’s 50-day moving average price is $187.94 and its 200 day moving average price is $172.19.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08. EPAM Systems had a return on equity of 19.49% and a net margin of 11.98%. The company had revenue of $551.60 million during the quarter, compared to analysts’ expectations of $549.84 million. During the same quarter in the previous year, the firm earned $1.01 EPS. EPAM Systems’s revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts predict that EPAM Systems will post 4.36 EPS for the current year.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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