Rhumbline Advisers Purchases 4,003 Shares of EPAM Systems, Inc. $EPAM

Rhumbline Advisers lifted its position in EPAM Systems, Inc. (NYSE:EPAM) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,408 shares of the information technology services provider’s stock after buying an additional 4,003 shares during the quarter. Rhumbline Advisers owned about 0.19% of EPAM Systems worth $16,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of EPAM. Vanguard Group Inc. grew its position in shares of EPAM Systems by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,985,172 shares of the information technology services provider’s stock valued at $1,235,118,000 after purchasing an additional 20,921 shares during the last quarter. Invesco Ltd. grew its holdings in EPAM Systems by 14.9% in the 2nd quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock valued at $725,455,000 after buying an additional 533,292 shares during the last quarter. Geode Capital Management LLC increased its position in EPAM Systems by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after buying an additional 15,936 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of EPAM Systems by 20.7% during the third quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after buying an additional 221,544 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of EPAM Systems during the second quarter worth approximately $137,671,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM stock opened at $167.87 on Thursday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $261.50. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $203.12 and its 200-day moving average is $178.98. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.94 and a beta of 1.72.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EPAM. Zacks Research lowered shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c-)” rating on shares of EPAM Systems in a report on Monday, December 29th. Truist Financial began coverage on shares of EPAM Systems in a research note on Tuesday, January 6th. They issued a “hold” rating and a $220.00 target price for the company. Citigroup lifted their target price on EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Wells Fargo & Company upped their price target on EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.20.

Insider Activity at EPAM Systems

In related news, SVP Boris Shnayder sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the transaction, the senior vice president directly owned 15,645 shares in the company, valued at $3,238,515. This represents a 24.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by corporate insiders.

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.