Boston Partners Makes New $349.43 Million Investment in EPAM Systems, Inc. $EPAM

Boston Partners acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,704,768 shares of the information technology services provider’s stock, valued at approximately $349,428,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after purchasing an additional 13,768 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in EPAM Systems by 289.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock worth $3,544,000 after purchasing an additional 12,861 shares in the last quarter. Aikya Investment Management Ltd grew its position in EPAM Systems by 8.4% during the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after purchasing an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. grew its position in EPAM Systems by 14.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after purchasing an additional 54,075 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in EPAM Systems by 429.1% during the fourth quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after purchasing an additional 9,080 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 3.0%

Shares of NYSE EPAM opened at $95.50 on Friday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.85 and a beta of 1.41. The business has a 50 day simple moving average of $110.76 and a 200 day simple moving average of $156.32. EPAM Systems, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $2.41 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. On average, research analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EPAM. TD Cowen lowered their price objective on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company lowered their price objective on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Truist Financial lowered their price objective on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Morgan Stanley set a $112.00 price objective on shares of EPAM Systems in a research report on Friday, May 8th. Finally, The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Hold” and a consensus price target of $152.00.

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.