EPAM Systems, Inc. $EPAM Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 25.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,069,284 shares of the information technology services provider’s stock after acquiring an additional 219,388 shares during the period. Dimensional Fund Advisors LP’s holdings in EPAM Systems were worth $144,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Sunbelt Securities Inc. raised its position in EPAM Systems by 4,233.3% in the fourth 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 during the period. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems during the 2nd quarter worth $27,000. MUFG Securities EMEA plc purchased a new position in shares of EPAM Systems during the 2nd quarter worth $30,000. Sound Income Strategies LLC increased 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 stake in shares of EPAM Systems during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

EPAM stock opened at $89.94 on Monday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.70 billion, a PE ratio of 12.90, a P/E/G ratio of 0.85 and a beta of 1.43. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The business’s fifty day moving average price is $90.89 and its 200 day moving average price is $131.12.

EPAM Systems (NYSE:EPAM) last posted its 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. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $2.41 EPS. EPAM Systems’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EPAM shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a report on Friday, July 10th. Guggenheim dropped 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 report on Monday, May 4th. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $110.00 in a research report on Friday, May 29th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and reduced their price target for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Finally, Wells Fargo & Company decreased their price objective on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $134.36.

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.