Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.74 Million Stake in EPAM Systems, Inc. $EPAM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 36.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,868 shares of the information technology services provider’s stock after selling 7,265 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EPAM Systems were worth $1,742,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of 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 raised its holdings in shares of EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $27,000. 1248 Management LLC acquired a new stake in EPAM Systems in the 4th quarter valued at about $32,000. Finally, Rothschild Investment LLC lifted its stake in EPAM Systems by 51.4% in the 4th 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 last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Up 1.7%

Shares of NYSE:EPAM opened at $87.43 on Friday. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The business has a 50 day moving average of $91.58 and a 200-day moving average of $136.08. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.57 billion, a PE ratio of 12.54, a P/E/G ratio of 0.82 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 earnings per share. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 10.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EPAM. Susquehanna lowered their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $130.00 to $110.00 in a research report on Friday, May 29th. TD Cowen reduced their target price on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Morgan Stanley set a $112.00 target price on EPAM Systems in a report on Friday, May 8th. Finally, Wells Fargo & Company dropped their price target on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. 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, the stock has a consensus rating of “Hold” and an average price target of $134.36.

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.