EPAM Systems, Inc. $EPAM Holdings Reduced by Bank of Nova Scotia

Bank of Nova Scotia lowered its position in EPAM Systems, Inc. (NYSE:EPAM) by 48.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,050 shares of the information technology services provider’s stock after selling 10,380 shares during the quarter. Bank of Nova Scotia’s holdings in EPAM Systems were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors grew its holdings in EPAM Systems by 59.4% in the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares in the last quarter. Boston Partners bought a new stake in EPAM Systems during the 4th quarter valued at $349,428,000. JPMorgan Chase & Co. raised its stake in EPAM Systems by 56.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after acquiring an additional 416,324 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 acquiring an additional 13,768 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in EPAM Systems by 25.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after acquiring an additional 219,388 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 6.8%

EPAM opened at $107.26 on Thursday. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The stock’s fifty day moving average is $90.83 and its 200-day moving average is $128.62. The company has a market capitalization of $5.60 billion, a PE ratio of 15.39, a P/E/G ratio of 0.95 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last announced 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. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on EPAM shares. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $110.00 in a report on Friday, May 29th. Wedbush assumed coverage on shares of EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective for the company. Susquehanna decreased their target price on shares of 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 shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Finally, Needham & Company LLC dropped their price target 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. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, EPAM Systems presently has a consensus rating of “Hold” and an average target price of $133.50.

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.