EPAM Systems, Inc. $EPAM Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA raised its position in EPAM Systems, Inc. (NYSE:EPAM) by 23.0% during the first quarter, HoldingsChannel.com reports. The firm owned 60,338 shares of the information technology services provider’s stock after buying an additional 11,291 shares during the quarter. Leeward Investments LLC MA’s holdings in EPAM Systems were worth $8,170,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. increased its position in EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems during the second quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new position in EPAM Systems during the second quarter valued at approximately $30,000. Sound Income Strategies LLC grew its stake in EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after buying an additional 109 shares during the period. Finally, 1248 Management LLC purchased a new stake in EPAM Systems during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $78.70 on Thursday. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. 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 firm’s fifty day moving average price is $102.94 and its 200 day moving average price is $150.01.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The firm had revenue of $1.40 billion for 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%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 EPS. On average, research analysts forecast that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EPAM shares. Weiss Ratings downgraded shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Wells Fargo & Company lowered their price target on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Citigroup reissued a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. TD Cowen reduced their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, EPAM Systems has an average rating of “Hold” and an average target price of $148.21.

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.