EPAM Systems, Inc. $EPAM Position Raised by Wishbone Management LP

Wishbone Management LP increased its holdings in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 200.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300,000 shares of the information technology services provider’s stock after buying an additional 200,000 shares during the period. EPAM Systems accounts for approximately 26.2% of Wishbone Management LP’s portfolio, making the stock its largest holding. Wishbone Management LP owned approximately 0.54% of EPAM Systems worth $61,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EPAM. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems in the 2nd quarter worth about $27,000. MUFG Securities EMEA plc purchased a new position in shares of EPAM Systems in the 2nd quarter worth about $30,000. Sound Income Strategies LLC boosted its holdings in shares of 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 purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of 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 purchasing an additional 54 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of EPAM Systems in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 3.0%

NYSE EPAM opened at $95.50 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market capitalization of $4.99 billion, a PE ratio of 13.70, a PEG ratio of 0.85 and a beta of 1.41. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53. The business’s 50-day moving average is $110.76 and its 200 day moving average is $156.32.

EPAM Systems (NYSE:EPAMGet Free Report) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The company 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%.EPAM Systems’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.41 earnings per share. Sell-side analysts forecast that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EPAM shares. JPMorgan Chase & Co. decreased their price objective on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Guggenheim decreased their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Needham & Company LLC decreased 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. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a report on Friday, May 29th. Finally, Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $152.00.

Read Our Latest Analysis on EPAM

EPAM Systems Profile

(Free Report)

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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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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