Sentry Investment Management LLC Invests $52,000 in EPAM Systems, Inc. (NYSE:EPAM)

Sentry Investment Management LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 263 shares of the information technology services provider’s stock, valued at approximately $52,000.

Several other large investors have also added to or reduced their stakes in EPAM. ORG Partners LLC increased its stake in EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in EPAM Systems in the 2nd quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC boosted its holdings in EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Finally, Whittier Trust Co. bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $192.21 on Wednesday. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The firm has a market capitalization of $10.94 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 4.15 and a beta of 1.46. The firm’s 50 day simple moving average is $197.57 and its 200 day simple moving average is $198.10.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.19. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 EPS. As a group, analysts expect that EPAM Systems, Inc. will post 8.08 earnings per share for the current fiscal year.

EPAM Systems announced that its board has authorized a stock buyback plan on Thursday, August 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EPAM shares. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Susquehanna dropped their price objective on shares of EPAM Systems from $260.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group boosted their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Itau BBA Securities raised shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Piper Sandler reissued an “overweight” rating and set a $225.00 price objective on shares of EPAM Systems in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average price target of $254.89.

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.