Danske Bank A S reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 19.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,652 shares of the information technology services provider’s stock after selling 9,397 shares during the quarter. Danske Bank A S’s holdings in EPAM Systems were worth $7,919,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its stake in shares of EPAM Systems by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after purchasing an additional 51 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of EPAM Systems by 34.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 60 shares during the last quarter. CVA Family Office LLC grew its stake in shares of EPAM Systems by 25.1% in the fourth quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock worth $63,000 after purchasing an additional 62 shares during the last quarter. CWM LLC grew its stake in shares of EPAM Systems by 1.1% in the third quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock worth $987,000 after purchasing an additional 71 shares during the last quarter. Finally, Perpetual Ltd grew its stake in shares of EPAM Systems by 2.5% in the fourth quarter. Perpetual Ltd now owns 2,897 shares of the information technology services provider’s stock worth $594,000 after purchasing an additional 72 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.
EPAM Systems Price Performance
EPAM stock opened at $110.68 on Tuesday. The stock has a market capitalization of $5.80 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The company’s 50-day moving average is $132.74 and its 200-day moving average is $169.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 2.59. EPAM Systems, Inc. has a 1 year low of $108.12 and a 1 year high of $222.53.
Analyst Ratings Changes
EPAM has been the topic of several analyst reports. The Goldman Sachs Group reduced their target price on EPAM Systems from $250.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 target price on shares of EPAM Systems in a report on Monday, March 16th. Citigroup reduced their target price on EPAM Systems from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. TD Cowen reduced their target price on EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Wells Fargo & Company reduced their target price on EPAM Systems from $247.00 to $195.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $185.64.
Check Out Our Latest Report on EPAM
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.
See Also
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