Barings LLC Takes $5.43 Million Position in EPAM Systems, Inc. $EPAM

Barings LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,486 shares of the information technology services provider’s stock, valued at approximately $5,426,000.

Several other large investors have also recently modified their holdings of EPAM. CYBER HORNET ETFs LLC bought a new position in shares of EPAM Systems during the second quarter worth about $27,000. MUFG Securities EMEA plc bought a new position in shares of EPAM Systems during the second quarter worth about $30,000. Sound Income Strategies LLC raised 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 worth $31,000 after acquiring an additional 109 shares during the last quarter. Rothschild Investment LLC raised its position in shares of EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 54 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in EPAM Systems during the fourth quarter worth $37,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $92.68 on Friday. 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, Inc. has a twelve month low of $89.25 and a twelve month high of $222.53. The stock’s 50 day moving average is $111.55 and its 200-day moving average is $156.75. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.86 and a beta of 1.41.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EPAM shares. Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Citigroup reissued a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, TD Cowen dropped their price target on EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.00.

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.