EPAM Systems, Inc. $EPAM Shares Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA raised its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 23.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,338 shares of the information technology services provider’s stock after buying an additional 11,291 shares during the quarter. Leeward Investments LLC MA owned about 0.12% of EPAM Systems worth $8,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EPAM. Asset Management One Co. Ltd. increased its position in EPAM Systems by 2.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after purchasing an additional 51 shares in the last quarter. Rothschild Investment LLC lifted its holdings 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 in the last quarter. Horizon Investments LLC boosted its stake in shares of EPAM Systems by 6.4% during the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 56 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of EPAM Systems by 34.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock worth $48,000 after buying an additional 60 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of EPAM Systems by 25.1% during the fourth quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock worth $63,000 after buying an additional 62 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen reduced their price objective on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Needham & Company LLC lowered their target price on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Finally, Wells Fargo & Company decreased their price objective on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $148.21.

EPAM Systems Trading Up 2.4%

Shares of EPAM stock opened at $78.70 on Thursday. The firm’s 50-day simple moving average is $102.94 and its 200-day simple moving average is $150.01. 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 1-year low of $73.06 and a 1-year high of $222.53. The firm has a market cap of $4.11 billion, a P/E ratio of 11.29, a PEG ratio of 0.71 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.39 billion. During the same period in the previous year, the firm earned $2.41 earnings per share. EPAM Systems’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that EPAM Systems, Inc. will post 10.42 EPS for the current 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.