EPAM Systems, Inc. $EPAM Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 28.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 134,334 shares of the information technology services provider’s stock after selling 53,189 shares during the quarter. Hsbc Holdings PLC’s holdings in EPAM Systems were worth $27,617,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its position in EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of EPAM Systems in the second quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in shares of EPAM Systems in the second quarter worth $30,000. Sound Income Strategies LLC raised its stake in shares of EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Finally, 1248 Management LLC purchased a new position in shares of EPAM Systems in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several recent research reports. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Wedbush assumed coverage on EPAM Systems in a research report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective on the stock. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Wells Fargo & Company decreased their target price on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.21.

EPAM Systems Stock Performance

NYSE:EPAM opened at $78.70 on Thursday. The firm has a 50-day moving average of $102.94 and a two-hundred day moving average of $150.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market cap of $4.11 billion, a P/E ratio of 11.29, a PEG ratio of 0.71 and a beta of 1.41. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its 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 return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts expect that EPAM Systems, Inc. will post 10.42 earnings per share for the current fiscal year.

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.