Capital World Investors decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,308,033 shares of the information technology services provider’s stock after selling 253,418 shares during the quarter. Capital World Investors owned about 4.14% of EPAM Systems worth $348,028,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Manning & Napier Advisors LLC bought a new stake in shares of EPAM Systems in the 3rd quarter worth about $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems during the 2nd quarter valued at about $27,000. True Wealth Design LLC lifted its holdings in shares of EPAM Systems by 1,870.0% in the 3rd quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 187 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of EPAM Systems in the 2nd quarter valued at about $30,000. Finally, CVA Family Office LLC grew its position in EPAM Systems by 4,840.0% in the third quarter. CVA Family Office LLC now owns 247 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 242 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.
EPAM Systems Stock Performance
Shares of NYSE:EPAM opened at $141.95 on Thursday. The firm’s 50 day simple moving average is $182.29 and its 200-day simple moving average is $176.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 2.59. EPAM Systems, Inc. has a one year low of $125.57 and a one year high of $222.53. The firm has a market cap of $7.69 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.77.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on EPAM shares. Morgan Stanley set a $160.00 price objective on EPAM Systems in a research note on Friday, February 20th. The Goldman Sachs Group lowered their price objective on EPAM Systems from $250.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. JPMorgan Chase & Co. dropped their target price on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Truist Financial decreased their price target on EPAM Systems from $220.00 to $146.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Finally, Wells Fargo & Company lowered their price target on EPAM Systems from $247.00 to $195.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.81.
Check Out Our Latest Stock Report on EPAM
EPAM Systems 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.
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