EPAM Systems, Inc. $EPAM Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 140.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,318 shares of the information technology services provider’s stock after buying an additional 5,449 shares during the quarter. Thrivent Financial for Lutherans’ holdings in EPAM Systems were worth $1,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of EPAM Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after buying an additional 29,763 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of EPAM Systems by 28.9% during the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after buying an additional 596,760 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of EPAM Systems by 1.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after buying an additional 13,768 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of EPAM Systems by 19.4% during the third quarter. Dimensional Fund Advisors LP now owns 774,685 shares of the information technology services provider’s stock worth $116,829,000 after buying an additional 125,853 shares in the last quarter. Finally, Aikya Investment Management Ltd grew its position in shares of EPAM Systems by 8.4% during the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after buying an additional 58,977 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EPAM shares. Needham & Company LLC lowered their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Truist Financial lowered their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a report on Friday, May 8th. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $215.00 to $110.00 in a report on Friday, May 8th. Susquehanna lowered their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a report on Monday, May 4th. Finally, Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Hold” and an average target price of $155.50.

EPAM Systems Price Performance

EPAM Systems stock opened at $99.83 on Wednesday. EPAM Systems, Inc. has a 12 month low of $89.25 and a 12 month high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The business has a 50 day simple moving average of $120.26 and a 200-day simple moving average of $163.45. The stock has a market capitalization of $5.22 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that EPAM Systems, Inc. will post 10.41 earnings per share for the current year.

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.