Legal & General Group Plc Reduces Stock Holdings in EPAM Systems, Inc. $EPAM

Legal & General Group Plc trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 19.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 97,082 shares of the information technology services provider’s stock after selling 23,319 shares during the quarter. Legal & General Group Plc’s holdings in EPAM Systems were worth $19,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in EPAM Systems in the 3rd quarter worth about $1,384,000. Van Berkom & Associates Inc. boosted its position in EPAM Systems by 4,413.0% during the third quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider’s stock worth $55,707,000 after purchasing an additional 361,249 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of EPAM Systems by 1.3% in 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 purchasing an additional 13,768 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of EPAM Systems by 39.4% in the third quarter. Allianz Asset Management GmbH now owns 43,851 shares of the information technology services provider’s stock valued at $6,612,000 after purchasing an additional 12,396 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in shares of EPAM Systems by 289.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 12,861 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $102.65 on Monday. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.94 and a beta of 1.41. 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, Inc. has a one year low of $89.25 and a one year high of $222.53. The company’s fifty day moving average price is $118.22 and its 200-day moving average price is $161.90.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.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 previous year, the company posted $2.41 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that EPAM Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on EPAM. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $215.00 to $110.00 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. JPMorgan Chase & Co. cut their price target on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $110.00 in a research report on Friday. Finally, TD Cowen decreased their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Hold” and an average price target of $152.00.

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.