EPAM SYSTEMS INC COM (EPAM) : Hartwell J M Limited Partnership reduced its stake in EPAM SYSTEMS INC COM by 0.29% during the most recent quarter end. The investment management company now holds a total of 447,662 shares of EPAM SYSTEMS INC COM which is valued at $34,953,449 after selling 1,300 shares in EPAM SYSTEMS INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.EPAM SYSTEMS INC COM makes up approximately 8.62% of Hartwell J M Limited Partnership’s portfolio.
EPAM SYSTEMS INC COM closed down -2.73 points or -3.50% at $75.37 with 7,32,610 shares getting traded on Wednesday. Post opening the session at $77.92, the shares hit an intraday low of $74.83 and an intraday high of $77.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in EPAM during the most recent quarter. The investment firm sold 10,300 shares of EPAM which is valued $804,224.Profit Investment Management boosted its stake in EPAM in the latest quarter, The investment management firm added 3,963 additional shares and now holds a total of 29,162 shares of EPAM SYSTEMS INC COM which is valued at $2,276,969. EPAM SYSTEMS INC COM makes up approx 0.95% of Profit Investment Management’s portfolio.Gw&k Investment Management boosted its stake in EPAM in the latest quarter, The investment management firm added 22,319 additional shares and now holds a total of 539,571 shares of EPAM SYSTEMS INC COM which is valued at $42,129,704. EPAM SYSTEMS INC COM makes up approx 0.93% of Gw&k Investment Management’s portfolio.Russia Partners Management reduced its stake in EPAM by selling 35,598 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 3,066,866 shares of EPAM which is valued at $239,460,897. EPAM SYSTEMS INC COM makes up approx 100.00% of Russia Partners Management’s portfolio.Capital Impact Advisors boosted its stake in EPAM in the latest quarter, The investment management firm added 1,196 additional shares and now holds a total of 11,242 shares of EPAM SYSTEMS INC COM which is valued at $867,882. EPAM SYSTEMS INC COM makes up approx 0.41% of Capital Impact Advisors’s portfolio.
On the company’s financial health, EPAM SYSTEMS INC COM reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 4, 2015. Analyst had a consensus of $0.68. The company had revenue of $236.00 million for the quarter, compared to analysts expectations of $240.57 million. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on EPAM SYSTEMS INC COM. EPAM SYSTEMS INC COM was Initiated by Berenberg to “Buy” on Apr 15, 2016. EPAM SYSTEMS INC COM was Initiated by Cantor Fitzgerald to “Buy” on Apr 13, 2016. Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 74 from a previous price target of $77 .
EPAM Systems Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Companys 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 Companys 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 Companys Infrastructure Management Services covers the lifecycle of infrastructure management.