Thrivent Financial for Lutherans Grows Position in EPAM Systems, Inc. $EPAM

Thrivent Financial for Lutherans boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 140.8% in the 4th quarter, HoldingsChannel reports. The fund owned 9,318 shares of the information technology services provider’s stock after acquiring an additional 5,449 shares during the quarter. Thrivent Financial for Lutherans’ holdings in EPAM Systems were worth $1,909,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in EPAM Systems by 0.4% in the third quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after acquiring an additional 29,763 shares in the last quarter. 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. Massachusetts Financial Services Co. MA increased its position in shares of EPAM Systems by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after buying an additional 13,768 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of EPAM Systems by 19.4% in the third quarter. Dimensional Fund Advisors LP now owns 774,685 shares of the information technology services provider’s stock valued at $116,829,000 after buying an additional 125,853 shares in the last quarter. Finally, Aikya Investment Management Ltd increased its position in shares of EPAM Systems by 8.4% in 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 buying an additional 58,977 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Cowen dropped their price target 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. The Goldman Sachs Group lowered EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Truist Financial decreased their price objective on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, 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 research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $155.50.

EPAM Systems Stock Down 2.8%

Shares of NYSE:EPAM opened at $99.83 on Wednesday. The stock’s 50-day moving average price is $120.26 and its two-hundred day moving average price is $163.45. 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, Inc. has a 12-month low of $89.25 and a 12-month high of $222.53. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.94 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) 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. On average, research analysts forecast that EPAM Systems, Inc. will post 10.41 EPS for the current year.

EPAM Systems Company 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.