Friedberg Investment Management Has Boosted By $2.00 Million Its Epam Systems (EPAM) Stake; Western Union Co (WU) Has 0.78 Sentiment

December 6, 2017 - By Henry Gaston

The Western Union Company provides money movement and payment services worldwide. The company has market cap of $8.96 billion. The firm operates in three divisions: Consumer-to-Consumer, Consumer-to-Business,

and Business Solutions. It has a 50.15 P/E ratio. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Friedberg Investment Management increased Epam Systems Inc (EPAM) stake by 53.63% reported in 2017Q2 SEC filing. Friedberg Investment Management acquired 23,780 shares as Epam Systems Inc (EPAM)’s stock rose 16.98%. The Friedberg Investment Management holds 68,120 shares with $5.73M value, up from 44,340 last quarter. Epam Systems Inc now has $5.15 billion valuation. The stock increased 0.43% or $0.42 during the last trading session, reaching $97.56. About 188,787 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 15.98% since December 6, 2016 and is uptrending. It has underperformed by 0.72% the S&P500.

Friedberg Investment Management decreased Magellan Midstream (NYSE:MMP) stake by 7,967 shares to 114,496 valued at $8.16 million in 2017Q2. It also reduced Align Technology (NASDAQ:ALGN) stake by 6,050 shares and now owns 35,160 shares. Coresite Realty (NYSE:COR) was reduced too.

Investors sentiment increased to 1.81 in Q2 2017. Its up 0.51, from 1.3 in 2017Q1. It increased, as 14 investors sold EPAM shares while 55 reduced holdings. 49 funds opened positions while 76 raised stakes. 44.13 million shares or 1.34% less from 44.73 million shares in 2017Q1 were reported. Huntington State Bank reported 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Quantitative Investment Mngmt Lc owns 0.04% invested in EPAM Systems, Inc. (NYSE:EPAM) for 27,800 shares. Profit Inv Ltd Limited Liability Company stated it has 30,927 shares or 2.35% of all its holdings. Toth Advisory Corporation has 0.22% invested in EPAM Systems, Inc. (NYSE:EPAM) for 10,010 shares. Moreover, Wasatch Advsrs has 0.64% invested in EPAM Systems, Inc. (NYSE:EPAM). Barclays Public Limited Company has invested 0% in EPAM Systems, Inc. (NYSE:EPAM). Massachusetts Svcs Ma stated it has 0.08% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Blackrock Inc has 3.01M shares for 0.01% of their portfolio. Moreover, Natl Bank has 0.01% invested in EPAM Systems, Inc. (NYSE:EPAM). Oak Ridge Invs Ltd holds 2.19% or 816,718 shares. New York State Common Retirement Fund owns 52,500 shares or 0.01% of their US portfolio. State Street Corp holds 968,716 shares or 0.01% of its portfolio. Legal & General Group Public Limited Company has 17,859 shares for 0% of their portfolio. Renaissance Gp Ltd Liability Corporation stated it has 3,819 shares or 0.01% of all its holdings. Bamco New York accumulated 42,073 shares or 0.02% of the stock.

Among 17 analysts covering EPAM Systems (NYSE:EPAM), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. EPAM Systems had 40 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, April 15 by Berenberg. The rating was maintained by Citigroup on Friday, November 3 with “Buy”. The rating was maintained by KeyBanc Capital Markets on Sunday, October 29 with “Buy”. Cantor Fitzgerald maintained the shares of EPAM in report on Friday, May 5 with “Buy” rating. Needham maintained the stock with “Buy” rating in Friday, February 17 report. The firm has “Buy” rating by Needham given on Friday, November 3. On Friday, February 19 the stock rating was initiated by Cowen & Co with “Outperform”. The firm has “Buy” rating given on Tuesday, September 12 by KeyBanc Capital Markets. On Friday, September 9 the stock rating was initiated by Wedbush with “Outperform”. The rating was maintained by Wedbush with “Outperform” on Monday, May 8.

The stock decreased 0.20% or $0.04 during the last trading session, reaching $19.51. About 1.98 million shares traded. The Western Union Company (WU) has risen 0.64% since December 6, 2016 and is uptrending. It has underperformed by 16.06% the S&P500.

Analysts await The Western Union Company (NYSE:WU) to report earnings on February, 8. They expect $0.44 earnings per share, down 6.38% or $0.03 from last year’s $0.47 per share. WU’s profit will be $202.09M for 11.09 P/E if the $0.44 EPS becomes a reality. After $0.53 actual earnings per share reported by The Western Union Company for the previous quarter, Wall Street now forecasts -16.98% negative EPS growth.

Abrams Capital Management L.P. holds 16.36% of its portfolio in The Western Union Company for 21.61 million shares. Clarkston Capital Partners Llc owns 8.47 million shares or 7.2% of their US portfolio. Moreover, Intrepid Capital Management Inc has 5.16% invested in the company for 692,327 shares. The Tennessee-based Southernsun Asset Management Llc has invested 3.68% in the stock. Kempner Capital Management Inc., a Texas-based fund reported 269,936 shares.

Ratings analysis reveals 0 of Western Union’s analysts are positive. Out of 3 Wall Street analysts rating Western Union, 0 give it “Buy”, 2 “Sell” rating, while 1 recommend “Hold”. WU was included in 4 notes of analysts from September 8, 2016. The rating was downgraded by Susquehanna to “Negative” on Monday, September 19. The firm has “Sell” rating given on Friday, January 20 by Compass Point. Guggenheim initiated The Western Union Company (NYSE:WU) on Thursday, January 5 with “Neutral” rating.


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