EPAM Systems, Inc. $EPAM Shares Purchased by Capital International Inc. CA

Capital International Inc. CA boosted its position in EPAM Systems, Inc. (NYSE:EPAM) by 88.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,817 shares of the information technology services provider’s stock after acquiring an additional 5,999 shares during the quarter. Capital International Inc. CA’s holdings in EPAM Systems were worth $2,626,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after buying an additional 13,768 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of EPAM Systems by 39.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 43,851 shares of the information technology services provider’s stock valued at $6,612,000 after buying an additional 12,396 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in shares of EPAM Systems by 289.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 12,861 shares during the last quarter. Aikya Investment Management Ltd grew its position in shares of EPAM Systems by 8.4% during the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after buying an additional 58,977 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of EPAM Systems by 14.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after buying an additional 54,075 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EPAM. Guggenheim lowered their price objective 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. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Susquehanna decreased their target price 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. Needham & Company LLC decreased their target price on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $152.00.

EPAM Systems Trading Down 1.2%

EPAM Systems stock opened at $96.84 on Tuesday. The firm has a 50 day simple moving average of $114.06 and a 200-day simple moving average of $158.57. 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 stock has a market capitalization of $5.06 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41. EPAM Systems, Inc. has a 12-month low of $89.25 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data 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. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.41 earnings per share. As a group, equities research analysts expect that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal 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.