SG Americas Securities LLC Sells 27,098 Shares of EPAM Systems, Inc. $EPAM

SG Americas Securities LLC decreased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 63.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,281 shares of the information technology services provider’s stock after selling 27,098 shares during the quarter. SG Americas Securities LLC’s holdings in EPAM Systems were worth $2,069,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of EPAM Systems in the 4th quarter worth about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EPAM Systems by 68.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in EPAM Systems by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $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 in the first quarter worth about $229,000. Finally, Empowered Funds LLC raised its holdings in EPAM Systems by 134.1% in the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock worth $381,000 after buying an additional 1,291 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC cut their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Citigroup restated a “cautious” rating on shares of EPAM Systems in a report on Friday, May 29th. Wedbush assumed coverage on EPAM Systems in a research report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective on the stock. Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group lowered EPAM Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, EPAM Systems has an average rating of “Hold” and an average target price of $148.21.

EPAM Systems Trading Up 7.5%

Shares of NYSE:EPAM opened at $85.33 on Thursday. The stock’s 50-day simple moving average is $98.09 and its two-hundred day simple moving average is $145.54. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.73 and a beta of 1.41. EPAM Systems, Inc. has a 52-week low of $73.06 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 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts expect that EPAM Systems, Inc. will post 10.42 EPS for the current 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.