Hsbc Holdings PLC Decreases Position in EPAM Systems, Inc. $EPAM

Hsbc Holdings PLC decreased its position in EPAM Systems, Inc. (NYSE:EPAM) by 28.4% during the 4th quarter, Holdings Channel reports. The firm owned 134,334 shares of the information technology services provider’s stock after selling 53,189 shares during the quarter. Hsbc Holdings PLC’s holdings in EPAM Systems were worth $27,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position in shares of EPAM Systems by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after buying an additional 51 shares in the last quarter. Rothschild Investment LLC increased its holdings in EPAM Systems by 51.4% during the 4th 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 in the last quarter. Horizon Investments LLC increased its holdings in EPAM Systems by 6.4% during the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock valued at $190,000 after acquiring an additional 56 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in EPAM Systems by 34.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 60 shares during the last quarter. Finally, CVA Family Office LLC raised its position in EPAM Systems by 25.1% during the fourth quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock worth $63,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 1.5%

Shares of NYSE EPAM opened at $86.93 on Tuesday. The firm has a market cap of $4.54 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43. 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, Inc. has a 1 year low of $73.06 and a 1 year high of $222.53. The firm’s 50 day moving average price is $95.70 and its 200 day moving average price is $142.98.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.41 EPS. As a group, sell-side analysts anticipate that EPAM Systems, Inc. will post 10.42 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on EPAM shares. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Susquehanna cut their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. Morgan Stanley set a $112.00 target price on EPAM Systems in a research note on Friday, May 8th. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $110.00 in a report on Friday, May 29th. 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 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.com, the company has a consensus rating of “Hold” and a consensus price target of $148.21.

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.