EPAM Systems, Inc. $EPAM Shares Sold by Owls Nest Partners IA LLC

Owls Nest Partners IA LLC reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,246 shares of the information technology services provider’s stock after selling 27,910 shares during the quarter. EPAM Systems comprises approximately 13.1% of Owls Nest Partners IA LLC’s portfolio, making the stock its 3rd biggest position. Owls Nest Partners IA LLC owned approximately 0.42% of EPAM Systems worth $47,173,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Panagora Asset Management Inc. purchased a new position in EPAM Systems in the fourth quarter worth $1,182,000. MML Investors Services LLC raised its position in EPAM Systems by 2.6% in the fourth quarter. MML Investors Services LLC now owns 21,858 shares of the information technology services provider’s stock worth $4,478,000 after acquiring an additional 558 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new position in EPAM Systems in the fourth quarter worth $417,000. Focus Partners Wealth raised its position in EPAM Systems by 844.0% in the fourth quarter. Focus Partners Wealth now owns 13,612 shares of the information technology services provider’s stock worth $2,778,000 after acquiring an additional 12,170 shares in the last quarter. Finally, Fieldview Capital Management LLC purchased a new position in EPAM Systems in the fourth quarter worth $540,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.1%

EPAM opened at $95.50 on Monday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.99 billion, a P/E ratio of 13.70, a PEG ratio of 0.88 and a beta of 1.41. EPAM Systems, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53. The business’s fifty day simple moving average is $110.76 and its 200 day simple moving average is $156.13.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 earnings per share. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Susquehanna dropped their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $110.00 in a research report on Friday, May 29th. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price target for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Finally, Morgan Stanley set a $112.00 price target on EPAM Systems in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $152.00.

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.