Rail-splitter Capital Management adds EPAM Systems Inc (EPAM) to its portfolio

EPAM Systems Inc (EPAM) : Rail-splitter Capital Management added new position in EPAM Systems Inc during the most recent quarter end. The investment management firm now holds 97,700 shares of EPAM Systems Inc which is valued at $6,855,609 , the company said in a statement filed on Aug 2, 2016 with the SEC.EPAM Systems Inc makes up approximately 1.59% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added EPAM to its portfolio by purchasing 7,990 company shares during the most recent quarter which is valued at $560,658. EPAM Systems Inc makes up approx 0.06% of Quantbot Technologies Lp’s portfolio.Herndon Capital Management boosted its stake in EPAM in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 720 shares of EPAM Systems Inc which is valued at $50,573. Vigilant Capital Management added EPAM to its portfolio by purchasing 101 company shares during the most recent quarter which is valued at $7,057. Arcadia Investment Management Corpmi added EPAM to its portfolio by purchasing 570 company shares during the most recent quarter which is valued at $39,039. EPAM Systems Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EPAM in the latest quarter, The investment management firm added 1,869 additional shares and now holds a total of 1,906 shares of EPAM Systems Inc which is valued at $125,701.

EPAM Systems Inc closed down -0.65 points or -0.98% at $65.99 with 4,34,591 shares getting traded on Monday. Post opening the session at $66.84, the shares hit an intraday low of $65.87 and an intraday high of $66.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, EPAM Systems Inc reported $0.71 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $283.80 million for the quarter, compared to analysts expectations of $281.34 million. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on EPAM Systems Inc. Pacific Crest Initiated EPAM Systems Inc on Jul 12, 2016 to “Overweight”, Price Target of the shares are set at $77.Shares were Reiterated by Barclays on Jul 7, 2016 to “Equal Weight” and Lowered the Price Target to $ 75 from a previous price target of $85 .

EPAM Systems Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) 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. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Company’s Enterprise Application Platforms develops technology and business application platforms and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Company’s Infrastructure Management Services covers the lifecycle of infrastructure management.

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