Amanah Holdings Trust Acquires Shares of 110,000 EPAM Systems, Inc. $EPAM

Amanah Holdings Trust acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 110,000 shares of the information technology services provider’s stock, valued at approximately $22,537,000. EPAM Systems makes up 3.3% of Amanah Holdings Trust’s holdings, making the stock its 10th biggest holding.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. increased its holdings in EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems during the second quarter worth about $27,000. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems during the second quarter worth about $30,000. Sound Income Strategies LLC raised its position in shares of EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth about $32,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Down 12.9%

EPAM opened at $76.37 on Friday. 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 company’s 50 day simple moving average is $106.82 and its two-hundred day simple moving average is $153.37. EPAM Systems, Inc. has a 1-year low of $76.02 and a 1-year high of $222.53. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.81 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating 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%.The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 earnings per share. Analysts expect that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $110.00 in a report on Friday, May 29th. TD Cowen reduced their target price on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Susquehanna decreased their target price on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Morgan Stanley set a $112.00 price target on EPAM Systems in a research note on Friday, May 8th. Finally, Guggenheim dropped their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $148.21.

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.