As Epam Sys INC Com (EPAM) Stock Price Rose, Oak Ridge Investments LLC Has Cut Its Stake by $4.40 Million

October 13, 2018 - By Dolores Ford

EPAM Systems, Inc. (NYSE:EPAM) LogoInvestors sentiment decreased to 1.23 in Q2 2018. Its down 0.14, from 1.37 in 2018Q1. It turned negative, as 26 investors sold EPAM shares while 91 reduced holdings. 47 funds opened positions while 97 raised stakes. 45.90 million shares or 0.48% less from 46.12 million shares in 2018Q1 were reported. Hbk Invests Limited Partnership holds 12,938 shares or 0.01% of its portfolio. Massachusetts-based Boston Prns has invested 0% in EPAM Systems, Inc. (NYSE:EPAM). Tower Research Cap Ltd Liability Com (Trc) holds 0% in EPAM Systems, Inc. (NYSE:EPAM) or 669 shares. Quantbot Techs Limited Partnership, New York-based fund reported 10,408 shares. Sun Life Fincl Incorporated owns 3,537 shares. Venator Mgmt has invested 2.71% in EPAM Systems, Inc. (NYSE:EPAM). Sei Invs holds 0.01% or 23,803 shares. Tudor Inv Et Al accumulated 0.09% or 20,815 shares. Amalgamated State Bank holds 0.04% or 11,853 shares in its portfolio. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Martingale Asset Management Lp owns 0.09% invested in EPAM Systems, Inc. (NYSE:EPAM) for 57,115 shares. Marble Harbor Counsel Lc holds 6,000 shares or 0.14% of its portfolio. First Interstate Comml Bank reported 171 shares. Emerald Mutual Fund Advisers Tru reported 1.37% stake. 597,026 were accumulated by Gilder Gagnon Howe & Limited Liability Corp.

Since May 11, 2018, it had 0 insider buys, and 7 sales for $8.45 million activity. Harman Jason had sold 11,932 shares worth $1.48M. Vargo Ronald P also sold $251,140 worth of EPAM Systems, Inc. (NYSE:EPAM) on Thursday, June 14. 3,120 shares were sold by Peterson Jason D., worth $404,922. $2.86M worth of EPAM Systems, Inc. (NYSE:EPAM) shares were sold by Dvorkin Viktar. $2.14 million worth of EPAM Systems, Inc. (NYSE:EPAM) shares were sold by Fejes Balazs.

Oak Ridge Investments Llc decreased its stake in Epam Sys Inc Com (EPAM) by 8.87% based on its latest 2018Q2 regulatory filing with the SEC. Oak Ridge Investments Llc sold 35,475 shares as the company’s stock rose 11.12% with the market. The institutional investor held 364,544 shares of the technology company at the end of 2018Q2, valued at $45.32M, down from 400,019 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Epam Sys Inc Com for a number of months, seems to be less bullish one the $6.44 billion market cap company. The stock increased 1.48% or $1.75 during the last trading session, reaching $119.75. About 745,043 shares traded or 78.39% up from the average. EPAM Systems, Inc. (NYSE:EPAM) has risen 59.47% since October 13, 2017 and is uptrending. It has outperformed by 43.85% the S&P500.

Analysts await EPAM Systems, Inc. (NYSE:EPAM) to report earnings on November, 1. They expect $0.84 EPS, up 6.33 % or $0.05 from last year’s $0.79 per share. EPAM’s profit will be $45.17M for 35.64 P/E if the $0.84 EPS becomes a reality. After $0.97 actual EPS reported by EPAM Systems, Inc. for the previous quarter, Wall Street now forecasts -13.40 % negative EPS growth.

Another recent and important EPAM Systems, Inc. (NYSE:EPAM) news was published by Prnewswire.com which published an article titled: “EPAM Announces Date for Third Quarter 2018 Earnings Release and Conference Call” on October 09, 2018.

EPAM Systems, Inc. (NYSE:EPAM) Ratings Coverage

Among 5 analysts covering EPAM Systems (NYSE:EPAM), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. EPAM Systems had 6 analyst reports since April 19, 2018 according to SRatingsIntel. Citigroup maintained EPAM Systems, Inc. (NYSE:EPAM) on Friday, October 5 with “Buy” rating. On Tuesday, September 4 the stock rating was downgraded by Bank of America to “Neutral”. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, July 30. The rating was maintained by Cowen & Co on Thursday, May 17 with “Buy”. KeyBanc Capital Markets maintained EPAM Systems, Inc. (NYSE:EPAM) rating on Monday, May 7. KeyBanc Capital Markets has “Overweight” rating and $136 target.

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

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