Diversify Advisory Services LLC acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,107 shares of the information technology services provider’s stock, valued at approximately $669,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of EPAM Systems during the second quarter valued at approximately $526,684,000. Boston Partners purchased a new stake in EPAM Systems in the 4th quarter valued at $349,428,000. Capital World Investors lifted its stake in EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after acquiring an additional 1,371,557 shares in the last quarter. Norges Bank purchased a new position in EPAM Systems during the 4th quarter worth $147,870,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of EPAM Systems by 849.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock worth $160,649,000 after acquiring an additional 701,500 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.
EPAM Systems Trading Down 0.8%
Shares of EPAM opened at $106.46 on Friday. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The business has a 50-day moving average of $91.70 and a 200 day moving average of $116.03. The firm has a market cap of $5.49 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Stifel Nicolaus set a $135.00 target price on shares of EPAM Systems in a research report on Thursday, August 6th. TD Cowen decreased their price target on EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Guggenheim cut their price objective on EPAM Systems from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a research report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $116.47.
View Our Latest Analysis on EPAM Systems
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.
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