EPAM Systems, Inc. $EPAM Shares Acquired by Capital International Sarl

Capital International Sarl grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 79.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,996 shares of the information technology services provider’s stock after acquiring an additional 17,278 shares during the quarter. Capital International Sarl owned about 0.07% of EPAM Systems worth $7,990,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EPAM. Norges Bank acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $147,870,000. Ameriprise Financial Inc. lifted its holdings 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 purchasing an additional 596,760 shares during the period. Barclays PLC lifted its holdings in shares of EPAM Systems by 504.1% during the third quarter. Barclays PLC now owns 698,613 shares of the information technology services provider’s stock worth $105,344,000 after purchasing an additional 582,966 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of EPAM Systems by 79.1% during the third quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock worth $97,258,000 after purchasing an additional 284,840 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of EPAM Systems by 334.9% during the third quarter. Millennium Management LLC now owns 335,779 shares of the information technology services provider’s stock worth $50,632,000 after purchasing an additional 258,569 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on EPAM. JPMorgan Chase & Co. decreased their price target on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Needham & Company LLC decreased 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. Susquehanna decreased 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. Jefferies Financial Group downgraded EPAM Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $110.00 in a report on Friday, May 29th. Finally, Truist Financial decreased 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. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $152.00.

EPAM Systems Trading Up 0.2%

NYSE:EPAM opened at $98.23 on Monday. The stock has a fifty day moving average price of $114.84 and a two-hundred day moving average price of $159.15. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.90 and a beta of 1.41. 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 1 year low of $89.25 and a 1 year high of $222.53.

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

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.