Capital International Sarl Grows Position in EPAM Systems, Inc. $EPAM

Capital International Sarl grew its position in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 79.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,996 shares of the information technology services provider’s stock after buying an additional 17,278 shares during the quarter. Capital International Sarl’s holdings in EPAM Systems were worth $7,990,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EPAM. Norges Bank purchased a new position in shares of EPAM Systems in the fourth quarter valued at $147,870,000. Ameriprise Financial Inc. increased its position in shares of EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after buying an additional 596,760 shares in the last quarter. Barclays PLC increased its position in shares of EPAM Systems by 504.1% in the third quarter. Barclays PLC now owns 698,613 shares of the information technology services provider’s stock valued at $105,344,000 after buying an additional 582,966 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of EPAM Systems by 79.1% in the third quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock valued at $97,258,000 after buying an additional 284,840 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of EPAM Systems by 334.9% in the third quarter. Millennium Management LLC now owns 335,779 shares of the information technology services provider’s stock valued at $50,632,000 after buying an additional 258,569 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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EPAM Systems Trading Up 0.2%

EPAM Systems stock opened at $98.23 on Monday. The stock has a market cap of $5.13 billion, a PE ratio of 14.09, a P/E/G ratio of 0.90 and a beta of 1.41. The stock has a 50-day moving average price of $114.84 and a 200 day moving average price of $159.15. EPAM Systems, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

EPAM Systems (NYSE:EPAM – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company earned $2.41 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on EPAM shares. Guggenheim dropped their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a research report on Friday, May 8th. Susquehanna dropped their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Finally, TD Cowen dropped their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, EPAM Systems currently has an average rating of “Hold” and an average target price of $152.00.

Read Our Latest Research Report on EPAM Systems

About EPAM Systems

(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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