RWC Asset Management LLP Makes New Investment in EPAM Systems, Inc. $EPAM

RWC Asset Management LLP bought a new position in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 77,529 shares of the information technology services provider’s stock, valued at approximately $15,884,000. RWC Asset Management LLP owned approximately 0.14% of EPAM Systems at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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 worth $1,057,782,000 after purchasing an additional 29,763 shares in the last quarter. Capital World Investors lifted 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 worth $753,874,000 after purchasing an additional 1,371,557 shares in the last quarter. Ameriprise Financial Inc. lifted 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 worth $401,532,000 after purchasing an additional 596,760 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $235,188,000 after purchasing an additional 416,324 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted 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 worth $219,823,000 after purchasing an additional 13,768 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 0.2%

Shares of NYSE EPAM opened at $98.23 on Monday. The company has a 50 day simple moving average of $114.84 and a 200-day simple moving average of $159.15. The company has a market capitalization of $5.13 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.90 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. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $2.41 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EPAM. 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. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $110.00 in a report on Friday, May 29th. Wells Fargo & Company cut their price target on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Truist Financial cut their price target on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $152.00.

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.