20,757 Shares in EPAM Systems, Inc. $EPAM Bought by Burney Co.

Burney Co. acquired a new position in EPAM Systems, Inc. (NYSE:EPAM) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,757 shares of the information technology services provider’s stock, valued at approximately $2,810,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $349,428,000. Capital World Investors grew its stake in EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after purchasing an additional 1,371,557 shares in the last quarter. Norges Bank acquired a new stake in EPAM Systems during the 4th quarter valued at approximately $147,870,000. Price T Rowe Associates Inc. MD increased its holdings in EPAM Systems by 849.3% during the 4th 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 purchasing an additional 701,500 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in EPAM Systems by 28.9% during the 3rd 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 last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EPAM. Wedbush initiated coverage on EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 target price for the company. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and cut their price target for the company from $215.00 to $110.00 in a report on Friday, May 8th. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Needham & Company LLC decreased their price objective 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. Finally, Susquehanna dropped their target price on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. Seven equities 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 stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Hold” and a consensus price target of $148.21.

EPAM Systems Stock Up 3.2%

NYSE:EPAM opened at $89.65 on Wednesday. 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 stock has a 50 day moving average of $95.11 and a 200-day moving average of $142.17. The firm has a market capitalization of $4.68 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 EPS. Analysts predict that EPAM Systems, Inc. will post 10.42 EPS for the current year.

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.