EPAM Systems, Inc. $EPAM Shares Bought by Capital International Ltd. CA

Capital International Ltd. CA grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 74.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,269 shares of the information technology services provider’s stock after purchasing an additional 9,495 shares during the period. Capital International Ltd. CA’s holdings in EPAM Systems were worth $4,562,000 at the end of the most recent reporting period.

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. increased its holdings in shares of EPAM Systems by 68.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 3,880 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after purchasing an additional 117,170 shares during the period. United Services Automobile Association acquired a new position in shares of EPAM Systems during the first quarter valued at $229,000. Finally, Empowered Funds LLC increased its holdings in shares of EPAM Systems by 134.1% during the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 1,291 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $110.00 in a report on Friday, May 29th. Needham & Company LLC lowered their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Citigroup reissued a “cautious” rating on shares of EPAM Systems in a report on Friday, May 29th. Wells Fargo & Company lowered their price target on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, TD Cowen decreased their target price on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $152.00.

EPAM Systems Trading Up 0.2%

Shares of EPAM stock opened at $98.23 on Monday. The stock has a 50-day simple moving average of $114.84 and a 200 day simple moving average of $159.15. EPAM Systems, Inc. has a fifty-two week low of $89.25 and a fifty-two week high of $222.53. The stock has a market capitalization of $5.13 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.90 and a beta of 1.41. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating 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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $2.41 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share 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.