Capital International Ltd. CA Purchases 100 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Capital International Ltd. CA raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,106 shares of the information technology services provider’s stock after acquiring an additional 100 shares during the period. Capital International Ltd. CA’s holdings in EPAM Systems were worth $1,962,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EPAM. Capital Research Global Investors grew its holdings in shares of EPAM Systems by 0.7% in the fourth quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider’s stock worth $2,289,207,000 after acquiring an additional 51,228 shares during the period. Vanguard Group Inc. lifted its position in shares of EPAM Systems by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after buying an additional 39,531 shares in the last quarter. Norges Bank purchased a new position in shares of EPAM Systems in the fourth quarter valued at $184,713,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of EPAM Systems by 22.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 512,353 shares of the information technology services provider’s stock worth $139,516,000 after buying an additional 94,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of EPAM Systems by 372.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock valued at $141,627,000 after purchasing an additional 375,439 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.9 %

NYSE:EPAM traded up $3.91 during trading hours on Friday, hitting $211.05. 316,617 shares of the stock traded hands, compared to its average volume of 637,487. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 4.74 and a beta of 1.45. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $186.45 and a 200 day moving average price of $244.52.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Equities research analysts anticipate that EPAM Systems, Inc. will post 7.81 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on EPAM shares. Barclays lifted their price target on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup lowered their price target on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Piper Sandler decreased their target price on shares of EPAM Systems from $252.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, June 13th. Needham & Company LLC lowered their price objective on EPAM Systems from $350.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Jefferies Financial Group upgraded EPAM Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $202.00 to $237.00 in a research report on Tuesday, July 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.28.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.