Russia Partners Management Lowers stake in EPAM Systems Inc (EPAM)

EPAM Systems Inc (EPAM) : Russia Partners Management reduced its stake in EPAM Systems Inc by 1.15% during the most recent quarter end. The investment management company now holds a total of 3,066,866 shares of EPAM Systems Inc which is valued at $239,460,897 after selling 35,598 shares in EPAM Systems Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.EPAM Systems Inc makes up approximately 100.00% of Russia Partners Management’s portfolio.

EPAM Systems Inc opened for trading at $77.77 and hit $78.4 on the upside on Friday, eventually ending the session at $78.08, with a gain of 0.21% or 0.16 points. The heightened volatility saw the trading volume jump to 3,84,508 shares. Company has a market cap of $3,933 M.

Other Hedge Funds, Including , 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 which is valued at $2,276,969. EPAM Systems Inc makes up approx 0.95% of Profit Investment Management’s portfolio.Central Trust Co boosted its stake in EPAM in the latest quarter, The investment management firm added 182 additional shares and now holds a total of 664 shares of EPAM Systems Inc which is valued at $51,261.Creative Planning reduced its stake in EPAM by selling 175 shares or 46.67% in the most recent quarter. The Hedge Fund company now holds 200 shares of EPAM which is valued at $14,686.

On the company’s financial health, EPAM Systems Inc 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. EPAM Systems Inc was Initiated by Berenberg to “Buy” on Apr 15, 2016. EPAM Systems Inc 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 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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