Corient Private Wealth LLC Increases Stock Position in EPAM Systems, Inc. $EPAM

Corient Private Wealth LLC lifted its stake in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 401.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,460 shares of the information technology services provider’s stock after purchasing an additional 13,179 shares during the period. Corient Private Wealth LLC’s holdings in EPAM Systems were worth $3,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 1.3% in 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 buying an additional 13,768 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in EPAM Systems by 289.9% during 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 acquiring an additional 12,861 shares during the last quarter. 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 valued at $156,487,000 after acquiring an additional 58,977 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in EPAM Systems by 14.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after acquiring an additional 54,075 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in EPAM Systems by 429.1% in the fourth quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after acquiring an additional 9,080 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

NYSE EPAM opened at $80.62 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53. The business has a 50-day moving average price of $100.99 and a 200-day moving average price of $148.65. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.74 and a beta of 1.41.

EPAM Systems (NYSE:EPAMGet Free Report) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $2.41 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts predict that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EPAM. Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Truist Financial cut their target price on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. TD Cowen reduced their target price on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Finally, Needham & Company LLC dropped their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.21.

Check Out Our Latest Stock Analysis on EPAM

EPAM Systems Company 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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