Allspring Global Investments Holdings LLC Sells 4,657 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Allspring Global Investments Holdings LLC cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAMFree Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,995 shares of the information technology services provider’s stock after selling 4,657 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.16% of EPAM Systems worth $25,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAM. Benjamin F. Edwards & Company Inc. acquired a new position in shares of EPAM Systems during the 4th quarter worth about $25,000. Riverview Trust Co acquired a new position in shares of EPAM Systems during the 1st quarter worth about $29,000. VisionPoint Advisory Group LLC increased its stake in shares of EPAM Systems by 103.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of EPAM Systems during the 4th quarter worth about $43,000. Finally, Westpac Banking Corp increased its stake in shares of EPAM Systems by 151.4% during the 4th quarter. Westpac Banking Corp now owns 176 shares of the information technology services provider’s stock worth $52,000 after purchasing an additional 106 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Stock Performance

NYSE EPAM opened at $184.14 on Friday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 4.29 and a beta of 1.45. The firm’s 50 day simple moving average is $191.38 and its 200 day simple moving average is $253.63. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

EPAM Systems (NYSE:EPAMGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. As a group, research analysts expect that EPAM Systems, Inc. will post 7.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAM has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of EPAM Systems in a research note on Monday, June 24th. They set a “neutral” rating and a $200.00 price objective on the stock. Guggenheim began coverage on shares of EPAM Systems in a research note on Tuesday, March 19th. They issued a “buy” rating and a $350.00 price target on the stock. Redburn Atlantic began coverage on shares of EPAM Systems in a research note on Friday, May 24th. They issued a “neutral” rating and a $195.00 price target on the stock. HSBC decreased their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, Mizuho decreased their price target on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $272.11.

Read Our Latest Analysis on EPAM

About EPAM Systems

(Free Report)

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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