Hsbc Holdings PLC Acquires 49,134 Shares of EPAM Systems, Inc. $EPAM

Hsbc Holdings PLC raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 36.6% in the first quarter, Holdings Channel reports. The institutional investor owned 183,468 shares of the information technology services provider’s stock after acquiring an additional 49,134 shares during the period. Hsbc Holdings PLC’s holdings in EPAM Systems were worth $25,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its position in shares of EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after acquiring an additional 1,371,557 shares during the period. Boston Partners bought a new position in EPAM Systems in the 4th quarter worth $349,428,000. JPMorgan Chase & Co. raised its holdings in EPAM Systems by 56.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after purchasing an additional 416,324 shares during the period. Massachusetts Financial Services Co. MA lifted its position in EPAM Systems by 1.3% during 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 purchasing an additional 13,768 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its position in EPAM Systems by 19.6% during the fourth quarter. Brandes Investment Partners LP now owns 983,830 shares of the information technology services provider’s stock valued at $201,570,000 after purchasing an additional 161,280 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EPAM. TD Cowen reduced their price target on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a research note on Friday, May 8th. The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Finally, Wedbush started coverage on shares of EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $134.36.

EPAM Systems Trading Down 0.1%

EPAM Systems stock opened at $89.32 on Wednesday. The stock has a market cap of $4.67 billion, a P/E ratio of 12.82, a PEG ratio of 0.85 and a beta of 1.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. EPAM Systems, Inc. has a 1 year low of $73.06 and a 1 year high of $222.53. The firm’s 50 day moving average price is $91.10 and its 200-day moving average price is $133.58.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. EPAM Systems’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. On average, equities analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

EPAM Systems 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.