Pacific Alternative Asset Management Company buys $3.5 Million stake in EPAM Systems Inc (EPAM)

EPAM Systems Inc (EPAM) : Pacific Alternative Asset Management Company scooped up 22,743 additional shares in EPAM Systems Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 48,680 shares of EPAM Systems Inc which is valued at $3.5 Million.EPAM Systems Inc makes up approximately 2.40% of Pacific Alternative Asset Management Company’s portfolio.

Other Hedge Funds, Including , Hussman Strategic Advisors added EPAM to its portfolio by purchasing 60,000 company shares during the most recent quarter which is valued at $4.3 Million. EPAM Systems Inc makes up approx 0.56% of Hussman Strategic Advisors’s portfolio.First Trust Advisors Lp reduced its stake in EPAM by selling 9,110 shares or 25.06% in the most recent quarter. The Hedge Fund company now holds 27,243 shares of EPAM which is valued at $1.9 Million. EPAM Systems Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in EPAM in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 9,615 shares of EPAM Systems Inc which is valued at $684,492. EPAM Systems Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Commerce Bank boosted its stake in EPAM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 6,800 shares of EPAM Systems Inc which is valued at $495,924. EPAM Systems Inc makes up approx 0.01% of Commerce Bank’s portfolio.

EPAM Systems Inc opened for trading at $71.14 and hit $73 on the upside on Friday, eventually ending the session at $72.61, with a gain of 2.48% or 1.76 points. The heightened volatility saw the trading volume jump to 3,28,548 shares. Company has a market cap of $3,679 M.

On the company’s financial health, EPAM Systems Inc reported $0.72 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.72. The company had revenue of $264.50 million for the quarter, compared to analysts expectations of $258.67 million. The company’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 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.

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.

Leave a Reply

EPAM Systems Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on EPAM Systems Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.