Federated Hermes Inc. Grows Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Federated Hermes Inc. lifted its stake in EPAM Systems, Inc. (NYSE:EPAM – Get Rating) by 209.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,138 shares of the information technology services provider’s stock after buying an additional 2,123 shares during the period. Federated Hermes Inc.’s holdings in EPAM Systems were worth $1,136,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EPAM. WCM Investment Management LLC increased its holdings in shares of EPAM Systems by 35.2% in the third quarter. WCM Investment Management LLC now owns 3,594,596 shares of the information technology services provider’s stock worth $1,301,747,000 after buying an additional 935,119 shares during the period. FMR LLC increased its holdings in EPAM Systems by 50.3% during the 2nd quarter. FMR LLC now owns 1,176,190 shares of the information technology services provider’s stock valued at $346,717,000 after purchasing an additional 393,786 shares during the period. DSM Capital Partners LLC increased its holdings in EPAM Systems by 148.5% during the 3rd quarter. DSM Capital Partners LLC now owns 624,907 shares of the information technology services provider’s stock valued at $226,336,000 after purchasing an additional 373,436 shares during the period. Pendal Group Ltd purchased a new position in EPAM Systems during the 3rd quarter valued at about $75,639,000. Finally, State Street Corp increased its holdings in EPAM Systems by 9.1% during the 1st quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock valued at $733,197,000 after purchasing an additional 206,636 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of a number of research analyst reports. Susquehanna reduced their price target on EPAM Systems from $462.00 to $410.00 and set a “positive” rating on the stock in a report on Friday, February 17th. Barclays reduced their price target on EPAM Systems from $400.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, February 21st. Cowen cut EPAM Systems from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $390.00 to $370.00 in a research report on Friday, February 17th. JPMorgan Chase & Co. lifted their price objective on EPAM Systems from $365.00 to $405.00 in a research report on Thursday, December 15th. Finally, Cowen cut EPAM Systems from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $390.00 to $370.00 in a research report on Friday, February 17th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $402.14.

EPAM Systems Stock Performance

Shares of EPAM opened at $282.74 on Monday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $334.88 and its 200-day moving average price is $350.68. EPAM Systems, Inc. has a 52 week low of $189.32 and a 52 week high of $462.99. The stock has a market cap of $16.31 billion, a P/E ratio of 39.94, a P/E/G ratio of 1.89 and a beta of 1.57.

EPAM Systems Profile

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EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.