NewEdge Advisors LLC grew its position in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 33.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,332 shares of the information technology services provider’s stock after buying an additional 7,367 shares during the quarter. NewEdge Advisors LLC owned approximately 0.06% of EPAM Systems worth $3,972,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital World Investors raised its position in EPAM Systems by 59.4% during the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after buying an additional 1,371,557 shares during the period. Boston Partners acquired a new stake in shares of EPAM Systems during the 4th quarter valued at about $349,428,000. JPMorgan Chase & Co. lifted its stake in EPAM Systems by 56.9% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP increased its position in EPAM Systems by 25.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after buying an additional 219,388 shares during the last quarter. Finally, Brandes Investment Partners LP increased its holdings in shares of EPAM Systems by 19.6% during the 4th quarter. Brandes Investment Partners LP now owns 983,830 shares of the information technology services provider’s stock valued at $201,570,000 after acquiring an additional 161,280 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
EPAM Systems Stock Performance
EPAM opened at $100.27 on Thursday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $90.88 and its two-hundred day moving average price is $120.80. The firm has a market capitalization of $5.17 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.39. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. William Blair lowered EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. dropped their price target on shares of EPAM Systems from $142.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a report on Tuesday, August 4th. Jefferies Financial Group lowered shares of EPAM Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $110.00 in a research note on Friday, May 29th. Finally, The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.47.
Read Our Latest Research Report on EPAM Systems
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.
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