Owls Nest Partners IA LLC Sells 27,910 Shares of EPAM Systems, Inc. $EPAM

Owls Nest Partners IA LLC trimmed its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 230,246 shares of the information technology services provider’s stock after selling 27,910 shares during the period. EPAM Systems accounts for approximately 13.1% of Owls Nest Partners IA LLC’s holdings, making the stock its 3rd largest holding. Owls Nest Partners IA LLC’s holdings in EPAM Systems were worth $47,173,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake 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 worth $31,000 after buying an additional 109 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems in the 2nd quarter worth about $27,000. 1248 Management LLC acquired a new stake in EPAM Systems in the 4th quarter worth about $32,000. Rothschild Investment LLC boosted its stake in EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in EPAM Systems in the 2nd quarter worth about $30,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on EPAM. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. decreased their price target on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC cut their price objective on EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. TD Cowen cut their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Hold” and a consensus price target of $152.00.

EPAM Systems Stock Performance

EPAM Systems stock opened at $95.50 on Monday. The stock’s 50-day moving average is $110.76 and its 200-day moving average is $156.13. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. EPAM Systems, Inc. has a 12 month low of $89.25 and a 12 month high of $222.53.

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

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.