EPAM Systems, Inc. $EPAM Stake Boosted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 37.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,130 shares of the information technology services provider’s stock after buying an additional 8,130 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.06% of EPAM Systems worth $4,080,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems in the second quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems in the second quarter worth approximately $30,000. Sound Income Strategies LLC boosted its holdings 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 purchasing an additional 109 shares during the period. Finally, 1248 Management LLC acquired a new stake in shares of EPAM Systems during the fourth quarter worth approximately $32,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

Shares of EPAM Systems stock opened at $86.03 on Thursday. The firm has a market cap of $4.49 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The firm’s 50-day simple moving average is $91.92 and its 200-day simple moving average is $136.96. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion for 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%.EPAM Systems’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 EPS. As a group, research analysts expect that EPAM Systems, Inc. will post 10.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EPAM shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Citigroup reaffirmed a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. TD Cowen cut their price target on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Needham & Company LLC reduced their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Hold” and a consensus target price of $134.36.

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.