WINTON GROUP Ltd raised its position in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 31.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,440 shares of the information technology services provider’s stock after purchasing an additional 31,134 shares during the quarter. WINTON GROUP Ltd owned approximately 0.25% of EPAM Systems worth $10,430,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EPAM. BlackRock Inc. acquired a new position in EPAM Systems in the second quarter worth approximately $526,684,000. California State Teachers Retirement System grew its position in EPAM Systems by 7,210.2% in the second quarter. California State Teachers Retirement System now owns 4,702,202 shares of the information technology services provider’s stock worth $373,120,000 after acquiring an additional 4,637,878 shares in the last quarter. Boston Partners acquired a new position in shares of EPAM Systems during the 4th quarter worth $349,428,000. Capital World Investors increased its stake in shares of 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 worth $753,874,000 after purchasing an additional 1,371,557 shares during the last quarter. Finally, Norges Bank bought a new position in shares of EPAM Systems during the 4th quarter valued at $147,870,000. 91.58% of the stock is owned by hedge funds and other institutional investors.
EPAM Systems Price Performance
NYSE:EPAM opened at $114.98 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The company has a fifty day moving average price of $100.71 and a 200 day moving average price of $109.99. The stock has a market cap of $5.93 billion, a P/E ratio of 15.58, a PEG ratio of 1.18 and a beta of 1.38.
Wall Street Analyst Weigh In
EPAM has been the subject of a number of recent research reports. Truist Financial decreased their price objective on shares of EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a report on Friday, August 7th. TD Cowen reduced their price target on EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Wells Fargo & Company decreased their price target on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, July 10th. Jefferies Financial Group downgraded EPAM Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $130.00 to $110.00 in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. downgraded EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Wednesday, August 26th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Hold” and a consensus price target of $116.47.
Check Out Our Latest Analysis on EPAM Systems
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.
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