Martin Currie Ltd buys $19,712,880 stake in EPAM Systems Inc (EPAM)

EPAM Systems Inc (EPAM) : Martin Currie Ltd scooped up 62,300 additional shares in EPAM Systems Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 288,200 shares of EPAM Systems Inc which is valued at $19,712,880.EPAM Systems Inc makes up approximately 1.83% of Martin Currie Ltd’s portfolio.

Other Hedge Funds, Including , Adage Capital Partners Gp L.l.c. boosted its stake in EPAM in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 155,000 shares of EPAM Systems Inc which is valued at $10,602,000. EPAM Systems Inc makes up approx 0.03% of Adage Capital Partners Gp L.l.c.’s portfolio.Blackrock Investment Management boosted its stake in EPAM in the latest quarter, The investment management firm added 10,480 additional shares and now holds a total of 179,220 shares of EPAM Systems Inc which is valued at $12,258,648. EPAM Systems Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio.Mutual Of America Capital Management boosted its stake in EPAM in the latest quarter, The investment management firm added 13,800 additional shares and now holds a total of 38,900 shares of EPAM Systems Inc which is valued at $2,729,613. EPAM Systems Inc makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.Emerald Advisers Incpa reduced its stake in EPAM by selling 1,288 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 579,561 shares of EPAM which is valued at $40,708,365. EPAM Systems Inc makes up approx 1.85% of Emerald Advisers Incpa’s portfolio.

EPAM Systems Inc opened for trading at $68.2 and hit $69.09 on the upside on Thursday, eventually ending the session at $69.09, with a gain of 1.29% or 0.88 points. The heightened volatility saw the trading volume jump to 2,51,711 shares. Company has a market cap of $3,516 M.

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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