EPAM Systems, Inc. $EPAM Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 26.6% during the 1st quarter, Holdings Channel reports. The fund owned 305,052 shares of the information technology services provider’s stock after purchasing an additional 64,078 shares during the period. Bessemer Group Inc.’s holdings in EPAM Systems were worth $41,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its stake in shares of EPAM Systems by 4,233.3% in the fourth 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. Sound Income Strategies LLC raised its stake in shares of 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 valued at $31,000 after purchasing an additional 109 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of EPAM Systems during the second quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of EPAM Systems during the fourth quarter valued at about $32,000. Finally, Rothschild Investment LLC lifted its holdings in EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Susquehanna dropped their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a report on Friday, July 10th. Finally, Wedbush initiated coverage on EPAM Systems in a report on Monday, June 15th. They set a “neutral” rating and a $99.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Hold” and an average target price of $134.36.

EPAM Systems Stock Up 1.1%

EPAM stock opened at $88.64 on Friday. The company’s 50 day simple moving average is $91.37 and its 200-day simple moving average is $135.75. The firm has a market capitalization of $4.63 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.83 and a beta of 1.43. EPAM Systems, Inc. has a 52-week low of $73.06 and a 52-week high of $222.53. 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 (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.39 billion. During the same period last year, the company posted $2.41 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 10.41 EPS for the current 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.