Hillsdale Investment Management Inc. Has $4.08 Million Stock Position in EPAM Systems, Inc. $EPAM

Hillsdale Investment Management Inc. grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 37.0% in the 1st quarter, Holdings Channel reports. The fund owned 30,130 shares of the information technology services provider’s stock after purchasing an additional 8,130 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in EPAM Systems were worth $4,080,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Boston Partners bought a new stake in EPAM Systems during the 4th quarter worth approximately $349,428,000. Capital World Investors lifted its stake in 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 valued at $753,874,000 after buying an additional 1,371,557 shares in the last quarter. Norges Bank acquired a new position in shares of EPAM Systems in the fourth quarter valued at approximately $147,870,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of EPAM Systems by 849.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock valued at $160,649,000 after buying an additional 701,500 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of EPAM Systems by 56.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after acquiring an additional 416,324 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EPAM shares. Wedbush began coverage on EPAM Systems in a research note on Monday, June 15th. They issued a “neutral” rating and a $99.00 price target on the stock. TD Cowen reduced their price objective on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 price objective on shares of EPAM Systems in a report on Friday, July 10th. Susquehanna cut their target price on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research note on Monday, May 4th. Finally, Morgan Stanley set a $112.00 price target on EPAM Systems in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $134.36.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $86.03 on Thursday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $91.92 and its two-hundred day moving average price is $136.96. The company has a market cap of $4.49 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. EPAM Systems’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that EPAM Systems, Inc. will post 10.41 EPS for the current 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.