Burney Co. Takes Position in EPAM Systems, Inc. $EPAM

Burney Co. acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,757 shares of the information technology services provider’s stock, valued at approximately $2,810,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EPAM. Sunbelt Securities Inc. increased its position in EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 127 shares during the period. Sound Income Strategies LLC boosted its position in EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of EPAM Systems in the second quarter worth $27,000. 1248 Management LLC bought a new position in shares of EPAM Systems in the fourth quarter worth $32,000. Finally, Rothschild Investment LLC increased its holdings in shares of EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares during the period. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Wedbush initiated coverage on shares of EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 target price on the stock. Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $110.00 in a research report on Friday, May 29th. Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, TD Cowen decreased their price objective on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Seven equities 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 company. Based on data from MarketBeat.com, EPAM Systems has an average rating of “Hold” and a consensus price target of $148.21.

EPAM Systems Stock Performance

Shares of EPAM opened at $89.65 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The firm’s 50 day moving average is $95.11 and its 200-day moving average is $142.17. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The stock has a market capitalization of $4.68 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.80 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last released its 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 during 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 business’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 research analysts anticipate that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

About EPAM Systems

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.