EPAM Systems, Inc. (NYSE:EPAM) Holdings Increased by abrdn plc

abrdn plc raised its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 70.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,855 shares of the information technology services provider’s stock after acquiring an additional 11,549 shares during the quarter. abrdn plc’s holdings in EPAM Systems were worth $8,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC lifted its stake in shares of EPAM Systems by 103.0% in the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after buying an additional 69 shares during the last quarter. Lindbrook Capital LLC raised its stake in EPAM Systems by 123.3% during the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in EPAM Systems during the 3rd quarter valued at $45,000. NBC Securities Inc. bought a new stake in EPAM Systems in the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC increased its holdings in EPAM Systems by 46.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 68 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $369.00 target price on shares of EPAM Systems in a report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on shares of EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Needham & Company LLC upped their target price on shares of EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group restated a “hold” rating and set a $295.00 target price on shares of EPAM Systems in a research report on Thursday, January 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $340.00 price target on shares of EPAM Systems in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.93.

EPAM Systems Price Performance

Shares of EPAM opened at $237.75 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 33.63, a P/E/G ratio of 10.69 and a beta of 1.43. EPAM Systems, Inc. has a twelve month low of $197.99 and a twelve month high of $317.50. The company has a 50 day moving average of $282.43 and a 200-day moving average of $273.43. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $2.71 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now owns 12,117 shares in the company, valued at $3,707,802. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now owns 12,117 shares in the company, valued at $3,707,802. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the transaction, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock worth $5,101,117 over the last 90 days. Insiders own 4.30% of the company’s stock.

EPAM Systems Company 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.