EPAM Systems, Inc. $EPAM Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,843 shares of the information technology services provider’s stock after purchasing an additional 72,636 shares during the period. Clearbridge Investments LLC owned 0.34% of EPAM Systems worth $38,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EPAM. Sound Income Strategies LLC lifted its position 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 last quarter. CYBER HORNET ETFs LLC purchased a new stake in EPAM Systems in the second quarter valued at $27,000. Rothschild Investment LLC lifted its position in EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 54 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in EPAM Systems in the second quarter valued at $30,000. Finally, Financial Management Professionals Inc. purchased a new stake in EPAM Systems in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $95.83 on Wednesday. The company has a 50-day simple moving average of $113.27 and a 200-day simple moving average of $157.97. EPAM Systems, Inc. has a one year low of $89.25 and a one year high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.89 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last announced its 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 net margin of 6.96% and a return on equity of 14.71%. The business 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 earned $2.41 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that EPAM Systems, Inc. will post 10.4 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EPAM shares. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a research report on Friday, May 8th. Susquehanna reduced 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. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Needham & Company LLC reduced their price target 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, Weiss Ratings cut shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, EPAM Systems has an average rating of “Hold” and an average price target of $152.00.

About EPAM Systems

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.