Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,265 Shares of EPAM Systems, Inc. $EPAM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 36.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,868 shares of the information technology services provider’s stock after selling 7,265 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EPAM Systems were worth $1,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EPAM. Sunbelt Securities Inc. increased its stake 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 in the last quarter. Sound Income Strategies LLC increased 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 acquiring an additional 109 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of EPAM Systems during the second quarter worth about $27,000. 1248 Management LLC bought a new position in shares of EPAM Systems during the 4th quarter valued at about $32,000. Finally, Rothschild Investment LLC lifted its holdings in shares of EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Stock Performance

Shares of EPAM opened at $87.43 on Friday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.82 and a beta of 1.43. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The firm has a fifty day simple moving average of $91.58 and a 200 day simple moving average of $136.08. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $2.41 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that EPAM Systems, Inc. will post 10.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EPAM shares. TD Cowen lowered their target price 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. The Goldman Sachs Group lowered 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 research note on Friday, May 8th. Susquehanna reduced their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a report on Monday, May 4th. Truist Financial lowered their price objective on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Finally, Wedbush began coverage on shares of EPAM Systems in a report on Monday, June 15th. They set a “neutral” rating and a $99.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, EPAM Systems currently has an average rating of “Hold” and an average price target of $134.36.

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.