Corient Private Wealth LLC Increases Stock Holdings in EPAM Systems, Inc. $EPAM

Corient Private Wealth LLC boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 401.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,460 shares of the information technology services provider’s stock after acquiring an additional 13,179 shares during the period. Corient Private Wealth LLC’s holdings in EPAM Systems were worth $3,373,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in shares of EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 127 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. CYBER HORNET ETFs LLC bought a new position in EPAM Systems in the second quarter worth about $27,000. 1248 Management LLC bought a new position in EPAM Systems in the fourth quarter worth about $32,000. Finally, Rothschild Investment LLC lifted its holdings 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 worth $33,000 after buying an additional 54 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

EPAM stock opened at $80.62 on Friday. The firm has a 50 day moving average price of $100.99 and a 200-day moving average price of $148.65. EPAM Systems, Inc. has a 52-week low of $73.06 and a 52-week high of $222.53. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion for 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%. EPAM Systems’s 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 EPS. Equities research analysts forecast that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on EPAM. Needham & Company LLC cut their price objective on EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Guggenheim lowered their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Mizuho lifted their price target on EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Morgan Stanley set a $112.00 price target on EPAM Systems in a research note on Friday, May 8th. Finally, TD Cowen decreased their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $148.21.

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.