Brandes Investment Partners LP Has $201.57 Million Holdings in EPAM Systems, Inc. $EPAM

Brandes Investment Partners LP boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 19.6% in the fourth quarter, HoldingsChannel reports. The fund owned 983,830 shares of the information technology services provider’s stock after buying an additional 161,280 shares during the quarter. EPAM Systems accounts for 1.5% of Brandes Investment Partners LP’s portfolio, making the stock its 18th biggest holding. Brandes Investment Partners LP’s holdings in EPAM Systems were worth $201,570,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC boosted its position in EPAM Systems by 7.0% during the 4th quarter. LPL Financial LLC now owns 55,439 shares of the information technology services provider’s stock worth $11,358,000 after acquiring an additional 3,639 shares during the period. Franklin Resources Inc. boosted its position in EPAM Systems by 69.3% during the 4th quarter. Franklin Resources Inc. now owns 2,434 shares of the information technology services provider’s stock worth $499,000 after acquiring an additional 996 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of EPAM Systems during the 4th quarter worth about $381,000. Fiera Capital Corp raised its stake in shares of EPAM Systems by 30.9% during the 4th quarter. Fiera Capital Corp now owns 241,056 shares of the information technology services provider’s stock worth $49,388,000 after purchasing an additional 56,874 shares in the last quarter. Finally, RWC Asset Management LLP purchased a new stake in shares of EPAM Systems during the 4th quarter worth about $15,884,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna cut their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. Morgan Stanley set a $112.00 price target on EPAM Systems in a research note on Friday, May 8th. Jefferies Financial Group downgraded EPAM Systems from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Citigroup reaffirmed a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Finally, Truist Financial cut their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, EPAM Systems currently has an average rating of “Hold” and a consensus price target of $152.00.

EPAM Systems Stock Performance

EPAM opened at $95.83 on Wednesday. The firm has a market capitalization of $5.01 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.41. The stock’s 50 day moving average price is $113.27 and its two-hundred day moving average price is $157.97. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a 12-month low of $89.25 and a 12-month high of $222.53.

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