Sage Rhino Capital LLC Has $326,000 Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Sage Rhino Capital LLC cut its stake in EPAM Systems, Inc. (NYSE:EPAM) by 18.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,735 shares of the information technology services provider’s stock after selling 392 shares during the period. Sage Rhino Capital LLC’s holdings in EPAM Systems were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EPAM. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems during the 4th quarter worth approximately $25,000. ORG Partners LLC boosted its position in EPAM Systems by 5,000.0% during the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 150 shares during the period. Riverview Trust Co acquired a new position in EPAM Systems in the first quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in EPAM Systems in the second quarter valued at about $29,000. Finally, Principal Securities Inc. acquired a new position in EPAM Systems during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.2 %

EPAM Systems stock traded down $0.48 during mid-day trading on Friday, hitting $200.76. The company’s stock had a trading volume of 455,686 shares, compared to its average volume of 616,496. The firm has a market capitalization of $11.64 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 4.97 and a beta of 1.45. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $198.28 and its two-hundred day moving average is $228.12.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.19. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $2.21 earnings per share. EPAM Systems’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that EPAM Systems, Inc. will post 7.81 EPS for the current year.

EPAM Systems declared that its board has authorized a share repurchase plan on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EPAM shares. Redburn Atlantic began coverage on EPAM Systems in a report on Friday, May 24th. They issued a “neutral” rating and a $195.00 target price on the stock. The Goldman Sachs Group initiated coverage on EPAM Systems in a research report on Monday, June 24th. They set a “neutral” rating and a $200.00 target price for the company. Susquehanna decreased their price objective on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a report on Friday, August 9th. Needham & Company LLC cut their target price on EPAM Systems from $350.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Jefferies Financial Group upgraded EPAM Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $202.00 to $237.00 in a research note on Tuesday, July 16th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, EPAM Systems has a consensus rating of “Hold” and a consensus target price of $260.21.

EPAM Systems Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.