Bank Of America Has Cut By $319,181 Its Epam Sys (EPAM) Holding; Shorts at Elevate Credit (ELVT) Lowered By 1.85%

April 17, 2018 - By Richard Conner

EPAM Systems, Inc. (NYSE:EPAM) Logo

Bank Of America Corp decreased Epam Sys Inc (EPAM) stake by 1.15% reported in 2017Q4 SEC filing. Bank Of America Corp sold 2,983 shares as Epam Sys Inc (EPAM)’s stock rose 4.34%. The Bank Of America Corp holds 255,969 shares with $27.50 million value, down from 258,952 last quarter. Epam Sys Inc now has $6.27 billion valuation. The stock increased 3.17% or $3.63 during the last trading session, reaching $118.14. About 211,208 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 53.58% since April 17, 2017 and is uptrending. It has outperformed by 42.03% the S&P500.

Elevate Credit Inc (NYSE:ELVT) had a decrease of 1.85% in short interest. ELVT’s SI was 1.45 million shares in April as released by FINRA. Its down 1.85% from 1.48M shares previously. With 103,700 avg volume, 14 days are for Elevate Credit Inc (NYSE:ELVT)’s short sellers to cover ELVT’s short positions. The SI to Elevate Credit Inc’s float is 8.61%. The stock increased 0.40% or $0.03 during the last trading session, reaching $7.49. About 50,402 shares traded. Elevate Credit, Inc. (NYSE:ELVT) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 4 analysts covering Elevate Credit ELVT (NYSE:ELVT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Elevate Credit ELVT had 4 analyst reports since April 19, 2017 according to SRatingsIntel. BTIG Research initiated the stock with “Buy” rating in Thursday, July 6 report. The stock has “Equal-Weight” rating by Stephens on Wednesday, August 23. Stifel Nicolaus initiated Elevate Credit, Inc. (NYSE:ELVT) rating on Monday, May 1. Stifel Nicolaus has “Buy” rating and $12 target. Compass Point maintained the shares of ELVT in report on Wednesday, April 19 with “Neutral” rating.

Elevate Credit, Inc. design and provides online credit solutions to non-prime clients in the United States and the United Kingdom. The company has market cap of $316.30 million. The firm offers unsecured online installment loans and lines of credit. It currently has negative earnings. The Company’s products include Rise and Sunny installment loan products; and Elastic, an open-end line of credit.

Among 19 analysts covering EPAM Systems (NYSE:EPAM), 17 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. EPAM Systems had 50 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Sunday, October 29 by KeyBanc Capital Markets. The rating was maintained by Citigroup with “Buy” on Friday, May 27. The rating was maintained by JP Morgan with “Overweight” on Friday, March 16. Credit Suisse downgraded the stock to “Hold” rating in Tuesday, February 20 report. Barclays Capital upgraded EPAM Systems, Inc. (NYSE:EPAM) rating on Friday, May 6. Barclays Capital has “Overweight” rating and $85 target. Cowen & Co maintained the stock with “Buy” rating in Thursday, October 12 report. The firm has “Buy” rating by Needham given on Friday, November 3. On Wednesday, January 31 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Overweight” rating given on Friday, August 4 by Barclays Capital. UBS maintained EPAM Systems, Inc. (NYSE:EPAM) rating on Friday, August 4. UBS has “Buy” rating and $96 target.

Since October 23, 2017, it had 0 insider buys, and 2 sales for $1.65 million activity. Shares for $286,800 were sold by Mayoras Richard Michael. Dobkin Arkadiy sold $1.37 million worth of stock.

Analysts await EPAM Systems, Inc. (NYSE:EPAM) to report earnings on May, 9 before the open. They expect $0.72 earnings per share, up 41.18% or $0.21 from last year’s $0.51 per share. EPAM’s profit will be $38.19 million for 41.02 P/E if the $0.72 EPS becomes a reality. After $0.83 actual earnings per share reported by EPAM Systems, Inc. for the previous quarter, Wall Street now forecasts -13.25% negative EPS growth.

Bank Of America Corp increased Schwab Strategic Tr (SCHE) stake by 38,067 shares to 478,662 valued at $13.37M in 2017Q4. It also upped First Data Corp New stake by 4.16 million shares and now owns 4.16 million shares. Vishay Intertechnology Inc (NYSE:VSH) was raised too.

EPAM Systems, Inc. (NYSE:EPAM) Institutional Positions Chart

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