1,704,768 Shares in EPAM Systems, Inc. $EPAM Purchased by Boston Partners

Boston Partners purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,704,768 shares of the information technology services provider’s stock, valued at approximately $349,428,000. Boston Partners owned 3.09% of EPAM Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of EPAM. Brighton Jones LLC acquired a new position in shares of EPAM Systems during the fourth quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $1,611,000 after acquiring an additional 3,880 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of 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 worth $56,587,000 after acquiring an additional 117,170 shares during the period. United Services Automobile Association acquired a new stake in shares of EPAM Systems in the 1st quarter worth approximately $229,000. Finally, Empowered Funds LLC lifted its stake in shares of 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 worth $381,000 after acquiring an additional 1,291 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EPAM shares. Guggenheim reduced 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 note on Monday, May 4th. Truist Financial reduced their price target on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Seven investment 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 presently has a consensus rating of “Hold” and an average price target of $152.00.

EPAM Systems Trading Up 3.0%

EPAM Systems stock opened at $95.50 on Friday. 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 firm has a market cap of $4.99 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.41. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53. The firm’s 50 day moving average price is $110.76 and its two-hundred day moving average price is $156.32.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 earnings per share. On average, research analysts predict 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.