Clearbridge Investments LLC Boosts Stock Holdings in EPAM Systems, Inc. $EPAM

Clearbridge Investments LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 64.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,843 shares of the information technology services provider’s stock after purchasing an additional 72,636 shares during the period. Clearbridge Investments LLC’s holdings in EPAM Systems were worth $38,076,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EPAM. Brighton Jones LLC purchased a new position in EPAM Systems during the fourth quarter worth about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in EPAM Systems by 68.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after purchasing an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after purchasing an additional 117,170 shares in the last quarter. United Services Automobile Association purchased a new position in EPAM Systems during the first quarter worth about $229,000. Finally, Empowered Funds LLC raised its holdings in EPAM Systems by 134.1% during the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock worth $381,000 after purchasing an additional 1,291 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EPAM shares. Truist Financial cut their price target on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a report on Friday, May 8th. Weiss Ratings cut shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Mizuho increased their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Finally, Morgan Stanley set a $112.00 target price on shares of EPAM Systems in a report on Friday, May 8th. Seven 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $152.00.

EPAM Systems Stock Down 0.9%

EPAM stock opened at $95.83 on Wednesday. The company’s 50 day simple moving average is $113.27 and its 200-day simple moving average is $157.97. The firm has a market capitalization of $5.01 billion, a PE ratio of 13.75, a P/E/G ratio of 0.89 and a beta of 1.41. EPAM Systems, Inc. has a 12 month low of $89.25 and a 12 month high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick 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 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.41 earnings per share. Equities analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

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.