Barings LLC Purchases New Shares in EPAM Systems, Inc. $EPAM

Barings LLC purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,486 shares of the information technology services provider’s stock, valued at approximately $5,426,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in EPAM Systems by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock valued at $1,057,782,000 after buying an additional 29,763 shares during the last quarter. Capital World Investors increased its stake 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 valued at $753,874,000 after buying an additional 1,371,557 shares during the last quarter. Ameriprise Financial Inc. increased its stake in EPAM Systems by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after buying an additional 596,760 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 valued at $235,188,000 after buying an additional 416,324 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in EPAM Systems by 1.3% in the 4th 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 buying an additional 13,768 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $215.00 to $110.00 in a research note on Friday, May 8th. JPMorgan Chase & Co. decreased their target price on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Needham & Company LLC decreased their target price on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Truist Financial decreased their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $152.00.

EPAM Systems Trading Down 0.4%

Shares of EPAM opened at $92.68 on Friday. EPAM Systems, Inc. has a fifty-two week low of $89.25 and a fifty-two week high of $222.53. The firm has a market cap of $4.84 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.41. 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 business has a 50-day moving average of $111.55 and a 200 day moving average of $156.75.

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 for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $2.41 EPS. EPAM Systems’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current 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.