RWC Asset Management LLP Buys New Stake in EPAM Systems, Inc. $EPAM

RWC Asset Management LLP bought a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 77,529 shares of the information technology services provider’s stock, valued at approximately $15,884,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems in the 2nd quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new stake in EPAM Systems in the 2nd quarter valued at approximately $30,000. Sound Income Strategies LLC increased its holdings in EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Rothschild Investment LLC grew 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 acquiring an additional 54 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of EPAM Systems in the fourth quarter worth $37,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $98.23 on Monday. 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 firm has a fifty day moving average price of $114.84 and a 200 day moving average price of $159.15. The company has a market cap of $5.13 billion, a P/E ratio of 14.09, a PEG ratio of 0.90 and a beta of 1.41. EPAM Systems, Inc. has a 12 month low of $89.25 and a 12 month high of $222.53.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The firm had revenue of $1.40 billion during 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 quarter in the previous year, the firm posted $2.41 earnings per share. Sell-side analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on EPAM shares. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. 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. TD Cowen dropped their price target on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Finally, Citigroup restated a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $152.00.

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.