Sumitomo Mitsui Trust Group Inc. Has $21.13 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAMFree Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,126 shares of the information technology services provider’s stock after selling 624 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of EPAM Systems worth $21,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aurora Investment Counsel lifted its holdings in EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after buying an additional 45 shares during the period. UniSuper Management Pty Ltd lifted its holdings in EPAM Systems by 0.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock worth $3,655,000 after buying an additional 52 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after buying an additional 54 shares during the period. TD Private Client Wealth LLC lifted its holdings in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after buying an additional 69 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider’s stock worth $265,000 after buying an additional 91 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $182.71 on Friday. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.39 and a beta of 1.70. The business has a 50-day simple moving average of $173.35 and a 200 day simple moving average of $196.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06.

EPAM Systems (NYSE:EPAMGet Free Report) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $2.46 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on EPAM. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Piper Sandler boosted their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Guggenheim boosted their price objective on EPAM Systems from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Needham & Company LLC boosted their price objective on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Susquehanna dropped their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and an average price target of $233.93.

Read Our Latest Research Report on EPAM Systems

About EPAM Systems

(Free Report)

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.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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