Capital World Investors Buys 1,371,557 Shares of EPAM Systems, Inc. $EPAM

Capital World Investors increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 59.4% during the 4th quarter, HoldingsChannel reports. The firm owned 3,679,590 shares of the information technology services provider’s stock after purchasing an additional 1,371,557 shares during the period. Capital World Investors owned about 0.07% of EPAM Systems worth $753,874,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after purchasing an additional 13,768 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of EPAM Systems by 39.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 43,851 shares of the information technology services provider’s stock valued at $6,612,000 after purchasing an additional 12,396 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of EPAM Systems by 289.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after purchasing an additional 12,861 shares in the last quarter. Aikya Investment Management Ltd lifted its holdings in shares of EPAM Systems by 8.4% during the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after purchasing an additional 58,977 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of EPAM Systems by 14.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after purchasing an additional 54,075 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Jefferies Financial Group cut 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 report on Friday, May 29th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a report on Friday, May 8th. Truist Financial cut their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Mizuho boosted their target price on EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $152.00.

EPAM Systems Trading Up 0.2%

NYSE EPAM opened at $98.23 on Monday. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.90 and a beta of 1.41. The stock’s 50 day moving average price is $114.84 and its two-hundred day moving average price is $159.15. 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, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53.

EPAM Systems (NYSE:EPAM) last released its 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 firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 EPS. As a group, analysts anticipate that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal 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.