Bessemer Group Inc. raised its holdings in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240,974 shares of the information technology services provider’s stock after purchasing an additional 17,734 shares during the period. Bessemer Group Inc. owned about 0.44% of EPAM Systems worth $49,371,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC purchased a new position in shares of EPAM Systems in the fourth quarter valued at approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of EPAM Systems by 68.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after acquiring an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of EPAM Systems by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after acquiring an additional 117,170 shares in the last quarter. United Services Automobile Association purchased a new position in shares of EPAM Systems in the first quarter valued at approximately $229,000. Finally, Empowered Funds LLC lifted its position in shares of EPAM Systems by 134.1% in the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 1,291 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
EPAM Systems Stock Performance
Shares of EPAM Systems stock opened at $92.91 on Friday. EPAM Systems, Inc. has a one year low of $89.25 and a one year high of $222.53. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.85 and a beta of 1.45. 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’s 50 day moving average price is $125.86 and its 200 day moving average price is $166.34.
Analysts Set New Price Targets
Several research firms have recently weighed in on EPAM. JPMorgan Chase & Co. decreased their target price on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Truist Financial decreased their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Susquehanna reduced their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $155.50.
Check Out Our Latest Stock Report on EPAM Systems
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.
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