SG Americas Securities LLC Decreases Holdings in EPAM Systems, Inc. $EPAM

SG Americas Securities LLC cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 63.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,281 shares of the information technology services provider’s stock after selling 27,098 shares during the quarter. SG Americas Securities LLC’s holdings in EPAM Systems were worth $2,069,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Sunbelt Securities Inc. lifted 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 last quarter. Sound Income Strategies LLC grew its holdings in shares of EPAM Systems by 279.5% in the fourth 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. CYBER HORNET ETFs LLC bought a new position in shares of EPAM Systems in the second quarter worth approximately $27,000. 1248 Management LLC purchased a new position in shares of EPAM Systems in the fourth quarter worth $32,000. Finally, Rothschild Investment LLC increased its stake in shares of EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EPAM shares. Wedbush started coverage on shares of EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target for the company. Citigroup reaffirmed a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Needham & Company LLC dropped their target price 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. Truist Financial cut their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Guggenheim reduced their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Seven research 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. According to data from MarketBeat, EPAM Systems currently has a consensus rating of “Hold” and a consensus target price of $148.21.

EPAM Systems Price Performance

EPAM opened at $85.33 on Thursday. 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 cap of $4.46 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. The stock has a fifty day simple moving average of $98.09 and a two-hundred day simple moving average of $145.54. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM) last released 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. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. Research analysts predict that EPAM Systems, Inc. will post 10.42 earnings per share for the current fiscal year.

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.