Capital World Investors Has $753.87 Million Stock Holdings in EPAM Systems, Inc. $EPAM

Capital World Investors grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 59.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,679,590 shares of the information technology services provider’s stock after buying an additional 1,371,557 shares during the quarter. Capital World Investors owned approximately 6.66% of EPAM Systems worth $753,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. Norges Bank acquired a new stake in EPAM Systems in the fourth quarter worth about $147,870,000. Ameriprise Financial Inc. increased its position in EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after purchasing an additional 596,760 shares during the period. Barclays PLC increased its position in EPAM Systems by 504.1% in the third quarter. Barclays PLC now owns 698,613 shares of the information technology services provider’s stock worth $105,344,000 after purchasing an additional 582,966 shares during the period. Alyeska Investment Group L.P. increased its position in EPAM Systems by 79.1% in the third quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock worth $97,258,000 after purchasing an additional 284,840 shares during the period. Finally, Millennium Management LLC increased its position in EPAM Systems by 334.9% in the third quarter. Millennium Management LLC now owns 335,779 shares of the information technology services provider’s stock worth $50,632,000 after purchasing an additional 258,569 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of EPAM opened at $98.23 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. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53. The stock has a market cap of $5.13 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41. The stock’s 50-day moving average price is $114.84 and its two-hundred day moving average price is $159.15.

EPAM Systems (NYSE:EPAM) last issued its 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. 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 analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $2.41 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EPAM. Mizuho lifted their price objective on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a research report on Friday, May 8th. Weiss Ratings lowered EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. TD Cowen lowered their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Finally, Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Hold” and a consensus target price of $152.00.

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.