EPAM Systems, Inc. $EPAM Stake Lifted by Wishbone Management LP

Wishbone Management LP grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 200.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 300,000 shares of the information technology services provider’s stock after acquiring an additional 200,000 shares during the period. EPAM Systems comprises about 26.2% of Wishbone Management LP’s holdings, making the stock its largest holding. Wishbone Management LP’s holdings in EPAM Systems were worth $61,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC grew its holdings in shares of EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 54 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of EPAM Systems in the 2nd quarter worth approximately $30,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on EPAM shares. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Guggenheim dropped their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. TD Cowen dropped their price target on EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Finally, Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $110.00 in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of “Hold” and an average price target of $152.00.

EPAM Systems Stock Performance

Shares of EPAM opened at $95.50 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. The business’s 50 day moving average price is $110.76 and its 200-day moving average price is $156.32. EPAM Systems, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53. The stock has a market cap of $4.99 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.85 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data 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. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. Equities research analysts anticipate that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

About EPAM Systems

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.