Gibbs Wealth Management Has $2.07 Million Holdings in EPAM Systems, Inc. $EPAM

Gibbs Wealth Management grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 229.2% in the first quarter, Holdings Channel reports. The fund owned 15,307 shares of the information technology services provider’s stock after acquiring an additional 10,657 shares during the quarter. Gibbs Wealth Management’s holdings in EPAM Systems were worth $2,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after purchasing an additional 13,768 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of EPAM Systems by 289.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 12,861 shares during the last quarter. Aikya Investment Management Ltd lifted its stake 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 worth $156,487,000 after buying an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of EPAM Systems by 14.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after buying an additional 54,075 shares in the last quarter. Finally, Merit Financial Group LLC boosted its position in EPAM Systems by 429.1% during the fourth quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock worth $2,294,000 after acquiring an additional 9,080 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM stock opened at $86.37 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market capitalization of $4.51 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.43. The firm’s 50-day moving average is $90.95 and its two-hundred day moving average is $131.94. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EPAM shares. Susquehanna dropped their price objective on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Wedbush assumed coverage on EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 price objective on shares of EPAM Systems in a research report on Friday, July 10th. Finally, Guggenheim lowered their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $134.36.

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.