Gibbs Wealth Management raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 229.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,307 shares of the information technology services provider’s stock after acquiring an additional 10,657 shares during the period. Gibbs Wealth Management’s holdings in EPAM Systems were worth $2,073,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares during the last quarter. Sound Income Strategies LLC grew its holdings in 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 valued at $31,000 after buying an additional 109 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems in the 2nd quarter valued at $27,000. 1248 Management LLC bought a new position in EPAM Systems during the 4th quarter worth $32,000. Finally, Rothschild Investment LLC lifted its holdings in shares of EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $85.00 target price on shares of EPAM Systems in a research report on Friday, July 10th. The Goldman Sachs Group cut shares of 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 note on Friday, May 8th. Morgan Stanley set a $112.00 price objective on shares of EPAM Systems in a report on Friday, May 8th. Needham & Company LLC decreased their target price on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Guggenheim lowered their target price on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of “Hold” and a consensus target price of $134.36.
EPAM Systems Price Performance
EPAM Systems stock opened at $86.37 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The stock has a market capitalization of $4.51 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.43. The stock has a fifty day moving average of $90.95 and a 200-day moving average of $131.94.
EPAM Systems (NYSE:EPAM – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.EPAM Systems’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $2.41 earnings per share. On average, sell-side analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.
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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