EPAM Systems, Inc. $EPAM Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. cut its stake in EPAM Systems, Inc. (NYSE:EPAM) by 27.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,134 shares of the information technology services provider’s stock after selling 70,035 shares during the period. Epoch Investment Partners Inc.’s holdings in EPAM Systems were worth $25,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in EPAM. Massachusetts Financial Services Co. MA raised 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 worth $219,823,000 after acquiring an additional 13,768 shares during the period. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of EPAM Systems by 289.9% in the fourth 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 during the period. Aikya Investment Management Ltd increased its position in EPAM Systems by 8.4% during the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after purchasing an additional 58,977 shares during the last quarter. Van Berkom & Associates Inc. increased its position in EPAM Systems by 14.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after purchasing an additional 54,075 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in EPAM Systems by 429.1% during the fourth quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock worth $2,294,000 after purchasing an additional 9,080 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

NYSE:EPAM opened at $89.94 on Friday. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The company has a 50 day moving average price of $90.89 and a 200 day moving average price of $131.65. The stock has a market capitalization of $4.70 billion, a P/E ratio of 12.90, a PEG ratio of 0.85 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EPAM shares. Wells Fargo & Company decreased their target price on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Susquehanna reduced their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a report on Friday, July 10th. Wedbush began coverage on EPAM Systems in a research report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective for the company. Finally, TD Cowen cut 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. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.