CIBC Asset Management Inc Buys 5,144 Shares of EPAM Systems, Inc. $EPAM

CIBC Asset Management Inc boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 71.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,338 shares of the information technology services provider’s stock after acquiring an additional 5,144 shares during the quarter. CIBC Asset Management Inc’s holdings in EPAM Systems were worth $2,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPAM. Brighton Jones LLC bought a new position in EPAM Systems in the 4th quarter valued at approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 3,880 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in EPAM Systems by 53.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after purchasing an additional 117,170 shares during the last quarter. United Services Automobile Association bought a new position in EPAM Systems in the 1st quarter valued at approximately $229,000. Finally, Empowered Funds LLC lifted its stake in EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.2%

Shares of NYSE EPAM opened at $98.23 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems, Inc. has a 52-week low of $89.25 and a 52-week high of $222.53. The firm has a 50 day moving average price of $114.84 and a two-hundred day moving average price of $159.15. The stock has a market cap of $5.13 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company posted $2.41 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Guggenheim decreased their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Mizuho upped their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. decreased 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. Susquehanna decreased their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems has an average rating of “Hold” and an average target price 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.