WCM Investment Management LLC Has $447.50 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

WCM Investment Management LLC lowered its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,243,532 shares of the information technology services provider's stock after selling 6,818 shares during the period. WCM Investment Management LLC owned 3.94% of EPAM Systems worth $447,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EPAM. ORG Partners LLC raised its holdings in shares of 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. Opal Wealth Advisors LLC acquired a new stake in EPAM Systems during the second quarter worth about $29,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 valued at $42,000 after acquiring an additional 106 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems during the 3rd quarter worth approximately $44,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Up 4.2 %

EPAM traded up $9.80 on Monday, reaching $243.25. 880,224 shares of the company traded hands, compared to its average volume of 621,977. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 5.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.84. The stock's 50 day moving average price is $199.79 and its 200-day moving average price is $197.65. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $2.21 EPS. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.08 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a stock repurchase program on Thursday, August 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

EPAM has been the topic of several recent research reports. Citigroup lifted their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Jefferies Financial Group raised their target price on EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 9th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $245.00 to $275.00 in a research report on Monday. Piper Sandler raised their price target on EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Susquehanna upped their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $263.00.

About EPAM Systems

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.