Hsbc Holdings PLC Trims Stock Position in EPAM Systems, Inc. $EPAM

Hsbc Holdings PLC cut its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,334 shares of the information technology services provider’s stock after selling 53,189 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of EPAM Systems worth $27,617,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Boston Partners purchased a new stake in EPAM Systems in the 4th quarter valued at approximately $349,428,000. Capital World Investors increased its position in EPAM Systems by 59.4% during the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares in the last quarter. Norges Bank acquired a new position in shares of EPAM Systems in the fourth quarter worth $147,870,000. Price T Rowe Associates Inc. MD raised its holdings in shares of EPAM Systems by 849.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock worth $160,649,000 after acquiring an additional 701,500 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of 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 acquiring an additional 596,760 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Up 2.4%

Shares of EPAM stock opened at $78.70 on Thursday. The firm has a market cap of $4.11 billion, a P/E ratio of 11.29, a PEG ratio of 0.71 and a beta of 1.41. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The firm’s 50-day simple moving average is $102.94 and its 200-day simple moving average is $150.01.

EPAM Systems (NYSE:EPAM) last posted 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. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $2.41 earnings per share. EPAM Systems’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that EPAM Systems, Inc. will post 10.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EPAM. TD Cowen decreased their price objective 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. Weiss Ratings downgraded shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Morgan Stanley set a $112.00 target price on shares of EPAM Systems in a report on Friday, May 8th. Wedbush began coverage on shares of EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, Needham & Company LLC lowered their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.21.

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.