Van Berkom & Associates Inc. Sells 14,590 Shares of EPAM Systems, Inc. $EPAM

Van Berkom & Associates Inc. trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM) by 3.4% during the first quarter, Holdings Channel reports. The fund owned 408,920 shares of the information technology services provider’s stock after selling 14,590 shares during the quarter. Van Berkom & Associates Inc.’s holdings in EPAM Systems were worth $55,368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Capital World Investors increased its stake in shares of EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after purchasing an additional 1,371,557 shares during the period. Boston Partners acquired a new stake in EPAM Systems in the 4th quarter valued at approximately $349,428,000. JPMorgan Chase & Co. increased its position in EPAM Systems by 56.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after buying an additional 416,324 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 1.3% during the fourth 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 buying an additional 13,768 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of EPAM Systems by 25.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after buying an additional 219,388 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EPAM shares. TD Cowen dropped their target price on shares of EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a research report on Friday, May 8th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Wedbush assumed coverage on shares of EPAM Systems in a research note on Monday, June 15th. They issued a “neutral” rating and a $99.00 target price for the company. Finally, Susquehanna decreased their target price 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. Seven research analysts have rated the stock with a Buy rating, seven have issued 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 a consensus price target of $134.36.

EPAM Systems Stock Performance

NYSE:EPAM opened at $88.64 on Monday. The firm has a market capitalization of $4.63 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The firm has a 50-day moving average price of $91.37 and a 200 day moving average price of $135.22.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $2.41 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Research analysts anticipate that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

EPAM Systems Company 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.