Leeward Investments LLC MA increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,968 shares of the information technology services provider's stock after acquiring an additional 8,111 shares during the quarter. Leeward Investments LLC MA owned approximately 0.08% of EPAM Systems worth $7,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in EPAM Systems in the 4th quarter worth approximately $173,053,000. William Blair Investment Management LLC purchased a new stake in EPAM Systems in the 4th quarter worth approximately $166,906,000. Ameriprise Financial Inc. lifted its holdings in EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after buying an additional 620,551 shares during the period. Marshall Wace LLP lifted its holdings in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after buying an additional 429,644 shares during the period. Finally, Capital World Investors lifted its stake in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after purchasing an additional 414,942 shares during the period. 91.58% of the stock is currently owned by institutional investors.
EPAM Systems Stock Down 1.5%
Shares of EPAM Systems stock traded down $2.75 on Monday, reaching $180.08. The company's stock had a trading volume of 483,661 shares, compared to its average volume of 685,508. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.44 and a beta of 1.70. The firm's fifty day simple moving average is $174.24 and its two-hundred day simple moving average is $195.30. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 EPS. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.
Analyst Ratings Changes
EPAM has been the subject of a number of research analyst reports. Needham & Company LLC raised their target price on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Scotiabank lowered their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Susquehanna lowered their target price on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Barclays raised their target price on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.
Read Our Latest Report on EPAM
EPAM Systems Profile
(
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.
Featured Articles
Before you consider EPAM Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EPAM Systems wasn't on the list.
While EPAM Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
