Legal & General Group Plc Has $19.89 Million Stock Position in EPAM Systems, Inc. $EPAM

Legal & General Group Plc lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,082 shares of the information technology services provider’s stock after selling 23,319 shares during the quarter. Legal & General Group Plc owned about 0.18% of EPAM Systems worth $19,890,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EPAM. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems in the second quarter worth $27,000. MUFG Securities EMEA plc bought a new position in EPAM Systems in the second quarter worth approximately $30,000. Sound Income Strategies LLC grew its stake in EPAM Systems by 279.5% in the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Financial Management Professionals Inc. acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $37,000. Finally, Cromwell Holdings LLC increased its holdings in shares of EPAM Systems by 211.1% during the fourth quarter. Cromwell Holdings LLC now owns 196 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.2%

NYSE EPAM opened at $102.65 on Monday. The firm has a market capitalization of $5.36 billion, a P/E ratio of 14.73, a PEG ratio of 0.94 and a beta of 1.41. The business has a fifty day simple moving average of $118.22 and a 200 day simple moving average of $161.90. EPAM Systems, Inc. has a 12 month low of $89.25 and a 12 month high of $222.53. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

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, beating analysts’ consensus estimates 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 analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $2.41 EPS. EPAM Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that EPAM Systems, Inc. will post 10.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on EPAM. JPMorgan Chase & Co. reduced their price target on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Citigroup reaffirmed a “cautious” rating on shares of EPAM Systems in a research note on Friday. TD Cowen reduced their price objective on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $152.00.

EPAM Systems 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.